Depends where you draw the line but not much choice here
Quote:
Originally Posted by
bryndlefly
shareprice looks like its finally crossed the resistance trendline and broken out of the downtrend... or is that just wishful thinking? ha ha
Here is a little chart of closing prices for MRP from listing till close yesterday, today looks like it is down day :(.
Attachment 5552
You may be a little premature in assessing the downtrend as broken.
Best Wishes
Paper Tiger
How did they get house room
Quote:
Originally Posted by
Paper Tiger
I have only done a quick run over the HY results but I have normalized the EPS to 7.4cps would consider doubling that up to 14.8cps for the full year but no higher than that.
I see that MRP talk about an adjusted net profit and dividend payout of 13cps for full year.
So perhaps not such a bargain at all?
I notice the last bout of buyback did not stop the share price declining.
But one day the downtrend will end and then I will read the accounts again and you never know, even buy some.
Best Wishes
Paper Tiger
Well much to my surprise I have a few MRP shares sitting in the shoe box in the corner looking a little unloved.
If I ever come up with a good reason for why they are here (short term rising price and volume probably) I will let you know.
If they resume their decline I will shoo them out.
Best Wishes
Paper Tiger