Welllll that was the highest price it ever got to. I'm not sure you are going to get to that again in the near future.
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Bad luck if that was your only buy of MFT, to happen to be at the very top ever when condtiions for the business were extremely favourable and it had run ahead of itself. But I think long term investments on the NZX don't come much better than MFT and I am speaking from experience. A well run company with a significant international footprint in an industry it knows well.
https://www.google.com/search?q=mft+...hrome&ie=UTF-8
Just bad timing mate. MFT was heading towards $100 and the commentators were raving how proud they should be when they become a $100 share on the NZX
About the same time the other highflier in FPH was about $35 ..and has moved since in tandem with MFT
You know what will happen if you lose patience and sell now eh …but don’t take my advice
As it happens, MFT pretty much did get to $100.
$99.78 on 1st Sept, 2021 to be precise.
Funny how those key round numbers end up being big physiological magnets for market participants, with the SP often marginally exceeding or missing the Bulls Eye.
With consensus of $ 2.80 / $ 3.20 / $ 3.80 for next few years and also with the past record of MFT outperforming consensus ...Bullish times ahead
In next few years $ 100 will be conquered easily
FP report citing lack of negative trading update pointing to they meeting or exceeding market expectation is big bullish sign to get in before it jumps again after yearly results
Hey alokdhir ….you worry me when you go on a ramping spree like this morning
Makes me ask myself ‘what’s up, why is alokdhir doing this’
Minding you I’m ramping thl eh so can’t talk