But wait!!!!!!!!!!!!!!!!!!!!!!!!
Craigs have retained their buy recommendation with a target price of $1.52.
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But wait!!!!!!!!!!!!!!!!!!!!!!!!
Craigs have retained their buy recommendation with a target price of $1.52.
Birman - Isee you in good company as Milford have being buying up MVN lately. Topped up with 500,000 at 141 just before Xmas
I'm told Milford are pretty good and best in class so MVN must be growing in spite of the hiccup announced during the week
Also Salt have been buying and their last purchase of just under a mill share was at 141 as well
Where the gurus go others must follow
Interesting.. I would imagine that these big funds like a few good dividend producers to back up the expected results their customers require. Give them (Milford customers) a good steady 7 to 8% return and everybody is happy. The type of person investing in a fund wants solid consistent returns, no bad years and a quarterly report they can read in 15 minutes. Gurus? nah...posterior fashion designers yes. Did they have CNU in the portfolio??
I see Milford have brought into MGL, Mercer Group,as well as Methven.I will watch with interest, as I consider both companies to be poor investments.
So the "around the same level or up to 10% up on last year’s reported result" is now " to be 5% to 10% down on last year's reported result"
Whoops = didn't really have a handle on things six weeks ago did they
MVN say they are a growth company .... for that reason only Birman I will continue to bang on with the same old, same old for years
Hope for your sake they don't do anything to that dividend you are looking forward to
Shouldn't rubbish them really
Times are tough out there and they are still making some money ....just not that much
PE now over 17 but such an innovative company should be able to grow EPS by 25% or more so a PEG < 1 makes this a screaming buy ..... and divie yield of over 10%
And remember gurus like Milford and Salt bough in a few weeks at over 140 and Craigs have a target of 150 odd
Cant lose at these prices