I was saying yesterday to buy the dip as the sell off was an over reaction. The catalysts are still well and truly alive here, no change there. As Stuart has said on X Telfer was hit with a cyclone/rains in Q2 hence the lower production. As for new FY26 forecast I feel it is a case of under-promising and over-delivering. The broker targets are in the $6's so plenty of money to be made here.
Appears a case of when the facts change then they had to announce them to the market as soon as possible. GGP's team have been working on the Q2 update and FY26 forecast for weeks/months so they did the right thing by flagging their concerns and conservative assumptions now. To reset expectations based on the new facts they have discovered since the last update.
No conspiracy..... the HY26 forecast was below the prior guidance ... by a far chunk ... so the share price around the same % as the forecast difference.
Shaun and Rowan explained the many reasons why the FY26 forecast has been conservatively estimated. Under promise and over delivery perhaps. The story for GGP is unchanged though regardless of the FY26 forecast. The same catalysts are ahead.
Cheeky I filter SC as he is just another knob in a sea of knobs. So until you posted I had no idea that he had posted about me. He often posts about me though as he fantasises about me often. Charlie now filtered too.
RE: Canaccord moderate FY26 numbers but maintain BUY and A$13.20 (£6.45) target.29 Jul 2025 07:59
See even after today the broker target is still very positive. I bought today's dip on the ASX with all that I had. Historically we have all seen this bounce up after a large fall. May as well make some money from the recovery.
Dude I’ve not seen you post before and today you’ve been sh7tting on GGP all day. Point made. Leave it alone now. They explained why so listen again to the webinar if you don’t get it.