There is hope - suspect that MPG sp has fallen a bit harder than it should due to expectations of NZX50 exit (proven right) and who they appoint as CEO will be critical.
If they appoint a CEO with great credentials (like Ralph Waters into FBU when it was broken), could be start of change in MPG's fortunes.
No doubt - FBU will make an outrageous takeover offer out of their petty cash account ;
While I agree that there should be value am I not sure where I see the stock bottoming out. Predicting a bottom at this point is clearly not based on TA signals, isn't it?
And lets face it - Labour's ineptness to solve the housing crisis (they will make it worse by fighting the landlords, the investors and the industry) combined with the general woes of our building industry are not really helping towards a quick recovery.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
Mmmmm ... are you holding? Or just hoping and ramping?
I thought I was watching another exciting turn around an hour ago ....Tiger Woods nearly won a tournament ....but from where he’s been second is pretty amazing
Everything seems to be pointing to MPG to be one of the stars of the NZX this year.
”When investors are euphoric, they are incapable of recognising euphoria itself “
I thought I was watching another exciting turn around an hour ago ....Tiger Woods nearly won a tournament ....but from where he’s been second is pretty amazing
Everything seems to be pointing to MPG to be one of the stars of the NZX this year.
I think you'll find today's SP decline is due to MPG being dropped from one of the NZX's indexes. Hardly a good sign. GLH.
Fake news - yes me guilty! (I posted mid day when MPG was sliding down, but it ended up even for the day.)
However, the following graph showing MPG's performance v the NZX top 50 is not fake news.
Only brave or foolish people fight the trend IMHO. One day when the trend reverses MPG may redeem itself, however until that time I'll be staying well away. GLH.
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