Whatever we think of broker forecasts, 2 major banks have forecast SP of 275. These figures are not just random numbers . There is a reason they have come up with this figurems. All will come good in next 12 months.
Although i dont read too much into broker forecasts, amazed at how all major institutions and brokers are ignored, with positive forecasts. but when a minor broker downgrades SPdrops 5%.!!
Last thing BOD will do is lower divi, that wont happen. Stick to the fundementals guys which are NAV. FCF.DIVI. PROFIT.INFRATRUCTURE. Looking forward to a positive trading update on Wed .
With my average 200 i need SP of 191 to break even with 9p divi. I have to like this shre. With a holding of 18.7k i dont have any long term concerns. The short term drop is annoying. With a NAV of 225 and all in place for next 5 years all will be o.k All eyes on trading update 25 july. Seen all this type of movement before with RMG / BT ETC
Cream always rises to the top.