RE: The SP Angel flash note referring to 15.8p target13 Jul 2023 12:54
yep 6p would be fine for now.
broker notes are pretty pointless imo. they are paid to write them...they ain't going to be bad are they - and that goes for every stock. most of them are just rehashes of the last one and contain the same errors...
sp is not always a guideline to what the company is worth, especially on aim where its a measure of mainly sentiment - which ,in such a fickle marketplace, can change in an instant. aim is great for companies who want to raise to get a leg up but for a company that wants to look like it has a future aim is not where you want to be. it puts you in the same vein as mosman oil. bmn needs to move off aim and just generally get their **** together. they have the asset, it just needs to be run in a professional way.
i thought fortune was the man for the job, but looking at it i think it needed someone to run it who has run big operations and understands that its not just 'build it and they will come', you also need to tell your story of the achievements to the people who invest...and that has been sadly lacking for a long time.
the lack of reporting the story also makes investors suspicious, just because we are all used to being screwed over.
i think people now need to move on. fortune bashing needs to stop and people need to focus on this as a new start. if you don't want to do that, you should probably sell up. it's getting boring.
hopefully our new ceo will start and kick some a55 and make sure what gets released is professional and correct.
gla