The Conf call, page-173

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melastcracker

2,080 Posts.

28/08/17

15:03

Post #: 26808723
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Originally posted by pintohoo ↑

morning,

from the other thread by bubsmark post (can't post on it because Parsifal has spoken)

"These broking houses don't do themselves any favours by putting these massive price targets on there only for the price never to reach it (well not anytime soon anyway).

It makes you ignore brokers and their advice....

Why would they want to turn people away like that?"

As for Petra ----

a. they are not writing for 'people' - they write for their clients who are institutions - NOT public.

b. they are NOT turning away their clients ------

lets cut to the chase here ------------ look at the pie charts showing institutional ownership compared to retailers and management -

INSTITUTIONS ARE MASSIVELY INCREASING THEIR HOLDINGS - whilst retailers are selling

I am afraid it's this simple ----------- retailers think they know better than institutions with all their investigative power and, institutions think they know better than retailers

the end result is- that generally institutions should, all being equal be more knowledgeable than retailers - because they have teams of people doing due diligence

and, far from being 'turned away' - they are indeed, buying the crap out of this whilst retailers are giving it up.

in the future - we shall see who is right and who is wrong.

Expand

We already know who's right and who's wrong on that subject. Institutional buying has been going on for sometime according to the pie chart, and that makes me happy.

Cheers

AJX Price at posting: 38.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

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