We all know how good Brokers are and how well their target prices works most of the time..............OUCHH!!!!!
In the meantime, regardless if you are making money out of their recommendations or not, they will charge you and charge like bulls too.
A similar thing happen to me not long ago when a huge buy recommendation of GXY was released by a broker house and guess what, I am down about 35% or more on that advice. In the meantime, who knows, they might have been selling down form their holdings to some idiots (Like me) which followed their advice.
By the way which national bank are you talking about, Australia or where else, and can you lead me to where I can read that.??
And you might be able to explain to me as well as to why the market doesn't agree with their predictions of C$2.20...................................Currently, at $1.20 per share, we are $ 1 dollar below that value............(Just in case you haven't noticed it).......... Most importantly though our share price will have to jump by about 85%..........(YES 85%) to reach that level.
How long do you envisage we will have to wait to get to that level, IF AND WHEN.???
That can only happen with NA and in Canadian Markets and Corporations.................Been there and done that mate as I didn't come down with the last shower of rain.
Good luck with that.
By the way if you feel so sure and confident about it, will you be willing to buy my shares for just what the offer was at the time of the SoA or Takeover.......Even if you want to buy just some of them off me, It can be done very quickly..........PLEASE ADVISE....
C6C Price at posting:
$1.20 Sentiment: None Disclosure: Held