Yeah right..!!
Looks to me as though MVN has pulled ahead by two lengths.
Those other two laggards FBU and STU are also tiring.
The heavy track is taking its toll.
Heavy track? I can't think of conditions where all stars align for a perfect track any better than today.
Great track. Pretty good horses, one armed jockeys and drunk trainers I reckon. And the TAB is still taking bets.
Well it looks like we all backed good looking dogs on Tuesday.. kinda like MPG
Back down to 90 cents. Have finally bitten the bullet and sold half my holding on the little bounce. Will review other half after the announcement, but clearly there's not a lot of market confidence in what their about to present.
Trading at an all time low. Technically this looks doomed to continue the decline. Milford still got a lot to let go and are clearly disenfranchised holders.
If it ever breaks up through the 30 day MA it might be worth another look but not before, in my opinion.
P.S. Plumbing even deeper lows at the close got the hound pondering. The NTA of the company is -5.77 cps so the entire "strength" of the balance sheet is built upon goodwill which in turn was valued and "constructed" and therefore predicated and contingent upon assumptions of ongoing robust growth. What happens if growth just stops dead in it tracks and simply doesn't happen going forward ?
Hmmmm...kind of undermines the authenticity of the balance sheet I would have thought.
Could be an interesting company to watch on the slight chance the new left wing coalition experiment tips the economy into a recession.
Last edited by Beagle; 15-11-2017 at 05:33 PM.
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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