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).

5 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 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'.

"The level of detail in Pete's work is superlative across all of Australia's housing markets" - Grant Williams, co-founder RealVision - where world class experts share their thoughts on economics & finance - & author of Things That Make You Go of the world's most popular & widely-read financial publications.

"Wargent is a bald-faced realty foghorn" - David Llewellyn-Smith, MacroBusiness.

Wednesday, 19 March 2014

Speeding ticket - WTF

A relatively dull day on the markets, but an interesting bit of price action going on at (ASX: WTF).

Source: ASX

WTF indeed!

The share price jumped by 15% this morning for apparently no reason whatsoever - the company has released no news today, price sensitive or otherwise.

Perhaps it is speculation only, for a quick squiz at the trades shows that a huge block of 7.5 million shares was transacted just before the open today at $2.40.

The share price roared all the way up to $2.86 before taking a bit of a chill pill.

At the time of writing nearly 12 million shares have been traded, about 15 times what you'd normally expect to see for WTF.

The ASX raised an eyebrow and issued a "Please Explain" letter aka. speeding ticket (officially known as an ASX price query).

WTF pleaded ignorance to any knowledge of what has caused the price spike, though its response did duly note that:

"The CEO and senior members of the management team are engaging in investor meetings this week."

It's been a crappy 12 months or so for Wotif which has featured an earnings downgrade and investors beginning to worry whether the business model will allow for continued expansion without associated heavy marketing costs.

Still, clearly someone out there thinks there are better times ahead for WTF.

Watch this space!