What is going on with MPG today? SP is off 16% on open.
They announced a couple of weeks back that the new CEO was supposed to be starting work today. Seems to be a huge drop given there is no news that I can find. Did he forget to turn up at the office or something?
no buyers , wonder if the glass bussiness in aus has big problems. csr in there results i think mentioned there glass bussiness was having problems recently?
What is going on with MPG today? SP is off 16% on open.
They announced a couple of weeks back that the new CEO was supposed to be starting work today. Seems to be a huge drop given there is no news that I can find. Did he forget to turn up at the office or something?
Big fall on good volume...something really stinks here. Some people are clearly in the know and others are not. Complete lack of depth on the buy side and plenty of volume on the sell side indicates something is seriously amiss. NZX speeding ticket enquiry definitely warranted ! I have felt for quite some time the entire building sector is one to be avoided. MPG, FBU and STU have all been prodoundly shocking investments considering we're in a building boom !
Last edited by Beagle; 19-11-2018 at 10:31 AM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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Originally Posted by bull....
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