Pete Wargent blogspot

Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), and CEO of WargentAdvisory (providing subscription analysis, reports & services to institutional clients).

4 x finance/investment author - 'Get a Financial Grip: a simple plan for financial freedom’ (2012) rated Top 10 finance books by Money Magazine & Dymocks.

"Unfortunately so much commentary is self-serving or sensationalist. Pete Wargent shines through with his clear, sober & dispassionate analysis of the housing market, which is so valuable. Pete drills into the facts & unlocks the details that others gloss over in their rush to get a headline. On housing Pete is a must read, must follow - he is one of the finest property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.

"Pete Wargent is one of Australia's brightest financial minds - a must-follow for articulate, accurate & in-depth analysis." - David Scutt, Business Insider, leading Australian market analyst.

"I've been investing for over 40 years & read nearly every investment book ever written yet I still learned new concepts in his books. Pete Wargent is one of Australia's finest young financial commentators." - Michael Yardney, Australia's leading property expert, Amazon #1 best-selling author.

"The most knowledgeable person on Aussie real estate markets - Pete's work is great, loads of good data and charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, and author of the New York Times bestsellers 'End Game' and 'Code Red'.

"Pete's daily analysis is unputdownable" - Dr. Chris Caton, Chief Economist, BT Financial.

Friday, 9 December 2016

Sirtex crashes by 41pc

Follow the smart money

Just a matter of days after an upbeat presentation, Sirtex Medical (ASX: SRX) admitted to shareholders that its first half profits would be a lot lower, crashing the stock price by 41 per cent to under $16 (well down from the 52-week high of above $41). 

Broker Wilson HTM had previously issued a price target of $46.50, breathlessly reported as 'evidence' of great value.

And the stocks was supposed to be even better value when it fell below $35.

Today it opened at $13 before touching $12.20 at its lowest. 

Maybe investors and speculators should have taken note when the CEO himself dumped $2 million of stock only in November.

In September the Vita Group Limited (ASX: VTG) Chief Executive sold 10 million of her shares and today the share price is $2.73, having been slashed in half since August. 

Both just examples of lucky timing, of course. 

Follow the smart money.