RE:Malcy Blog, issued this morning Thank you for that report
Kadiddelhopper 75p TP!! After a 50p TP for more than 18 months! These guys from London seem to have a different approach to TP compared to us, North Americans. Auctus, Zeus, Cannaccord, Malcy, all of them carry TP of 2 to 3 times current SP but with no target dates or time horizon...
I personally can't complain since I almost tripple my investment in 2.5 years at current SP. But, to new investors I'd say "don't expect to see SP double over a few months, no matter what SP targets are from these guys!".
I consider my holding in Arrow as an investment rather than a spec holding. Actually, I don't miss an occasion to remind management that I'm holding that long in expectations (stronger than hopes) that we will be paid divys at some point. I even suggested to be paid a special divy, let's say 3 to 5 cdn cents, to thank and encourage shareholders base, until we get regular ones.
Another few weeks before we hear about CN HZ 2...then hopefully SP rises again to new highs and stabilizes again until next well and so on.
Rob