One really has to question how in 3 days, ABnAmro increased the target price from $1.24 to $1.29 from 28 July to 31 July. These are rubbery figures which is most astonishing The broker’s predicted earning per share in the 28 July and 31 July report.
Normalised EPS: (28Jul fig// 31 Jul fig) FY08 (-3.95 //-5.12) FY09 (13.8// 13.8 ) FY10 (5.72//5.65).
Their own figure shows predicted earning per share for the 28 Jul report is better than the 31 Jul report YET AMAZINGLY, they raised target price from $1.24 to $1.29
The fastest way to loose money is to believe brokers who upgrade target price when their own prediction shows a deteriorating earning! Brokers most likely have their own agenda and can hardly be independent especially one who upgrade target price when their own earnings per share deteriorated!!
Read the figures for yourself!!
http://www.biota.com.au/uploaded/154/1021394_10abnamromorgansbta10808-.pdf
http://www.biota.com.au/uploaded/154/1021392_53abnamromorgansbta80728-.pdf
One really has to question how in 3 days, ABnAmro increased the...
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