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.

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.