Oh I agree with you totally, FL.
I have pointed out on many occasions the fact that multiple analysts can look at the exact same set of figures and data from a company, and come up with forecasts and "valuations" that are diametrically opposed by a long way. Yet they all look at the same data...!
To me, this negates the value of ANY of the so-called anal-ists...! ;) One may actually have it correct - occasionally - but that assessment is rendered null and void by the fact that all the others differe widely.
No - my point is not so much that I take any notice of analysts - I don't (in either direction, up or down), but that the market seems to pay them some heed. And they make forecasts and projections (read: guesses), and then when the quarterly or annual report comes out and it doesn't meet those guesses (er, sorry, forecasts) then the SP takes a hit. Or if the results exceed expectations, the SP jumps.
It is all just so much nonsense. Why bother with ANY forecasts or projections? Isn't that basically second-guessing the market? And well know where that will get you... Better just to let the quarterlies and annuals tell it all as it happens.
Me? I hold PDN for the very long term (already have) and have no intention of being influenced either by analysts, or short-term tree-shaking.
Oh I agree with you totally, FL.I have pointed out on many...
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Last
$11.43 |
Change
0.090(0.79%) |
Mkt cap ! $3.417B | |||
| Open | High | Low | Value | Volume |
| $11.35 | $11.58 | $11.16 | $24.03M | 2.107M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 164 | $11.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.45 | 6746 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |