Pinned straw:
P.S. Alex Waislitz OAM and the other good people at Thorney/TIGA (Thorney Investment Group Australia) have ridden RFG down into the ground, as Alex tends to do with many of his "investments". He may be concerned about a possible allergic reaction if he was to ever make a profit, and he's just not taking any chances...
TIGA went "Substantial" again on RFG most recently in November (13-Nov-2024) with a top-up buy @ 7.8 cps (cents/share) pre-1-for-40-share-consolidation, so Alex paid the equivalent of $3.12/share. RFG closed today @ $2.03, some 35% below Alex's November top-up price, and even further below his (TIGA's) average price paid.
Alex laughing it up in his office on Level 45, 55 Collins Street, Melbourne.
P.P.S. The following is also good for a laugh: https://fintel.io/news/retail-food-group-asx-rfg-price-target-increased-by-3-90208-to-423-785
23-Dec-2024
The average one-year price target for Retail Food Group (ASX:RFG) has been revised to $4.23 / share. This is an increase of 3,902.08% from the prior estimate of $0.11 dated November 30, 2024.
The price target is an average of many targets provided by analysts. The latest targets range from a low of $4.04 to a high of $4.62 / share. The average price target represents an increase of 70.00% from the latest reported closing price of $2.49 / share.
What is the Fund Sentiment?
There are 14 funds or institutions reporting positions in Retail Food Group. This is an decrease of 14 owner(s) or 50.00% in the last quarter. Average portfolio weight of all funds dedicated to RFG is 0.00%, an increase of 55.50%. Total shares owned by institutions decreased in the last three months by 95.24% to 1,076K shares.
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Clear as mud? Well, to start with, George clearly failed to take into account the 1-for-40 share consolidation in late November/early December, so $4.23 was actually $0.10575 in the old money, or 10.6 cents/share, so not a 3,902.08% increase in the average price target, but a -3.9% fall in the average price target, and that's not all he got wrong either.
And don't get me started on broker/analyst price targets following a stock down while always remaining wayyyyy too bullish all the way down... I mean, they put their clients into these companies so everything must be spun positively; the glass is always half full, even when the glass is lying shattered on the floor in a thousand pieces.