Sounds like rubbish tbh MQG seems to be short GXL. They are...

Sounds like rubbish tbh

MQG seems to be short GXL. They are borrowing shares to sell as far as I can tell, though someone might do the analysis and add up whether their overall position is currently more short than long (I suspect short).

And by this logic, any time a substantial holding increases should be treated as 'insiders buying'. Ridiculous.

I've tried using Simply Wall St and their product is rubbish. They use outdated data (as in not current financial info) and think that putting things into a 'shape' is the best method for analysing data, which assumes each of their 'metrics' are equal considerations. You get clearer metrics from CommSec, except CommSec provide their product for free. Then they publish this tripe. And for the record, I'm a millenial, presumably their target market..

EDIT: As for target price - too low, why not aim for $7.63? 9x EBITDA, which is the same multiple offered by P/E bid a few years ago