Nobody saying MPG (the company) screwed mate
Just discussing what $20m of earnings is worth - esp with NZ earnings going backwards at the moment
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110 and I will be in.
Good post. The hound is not panicking...in fact I have morphed into a possum stuck in the headlights and really embracing that possum experience...feels good to simply do nothing and take some unrealized losses on the snout and learn to live with it and be comfortable.
major overseas brokerage downgrades today from outperform to neutral
FY18 (through to March next year) will be lets say disappointing. The additional profits from Australia won't be enough to offset declining profits in NZ
'Flat' is a good code word to start with - come November it'll will 'less than' last year.
Wedges are not flat are they?
We might get a dead Possum bounce at some stage, Mr Beagle will be looking forward to that after those headlights get up close and personal.
Maybe it's OK for Roger Beagle to say 'sit tight' (and all will be right,) however, let's remember that some posters are today advocating MPG is a BUY (Good luck to you.)
While MPG dividends may be some consolation to recent red arrows, why rush and take on such a risk now? All we need is a dodgy NZ election result, a Trump event, or a long overdue Bull correction and your money will be further eroded and tied up for a long, long time.
Remember Warren Buffet has some $10 Billion sitting on the side lines at the moment..... waiting.
IMHO, it is much better to have your hard earned working for you elsewhere until FA and TA signals this pup is a worthy hound to chase.
That's all from me on MPG. GLH.