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  1. #901
    Speedy Az winner69's Avatar
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    What's happened with mpg share price lately is what's happened when some macro market stuff goes against you ......coupled with the affect of pissing the market off (or the market losing confidence in you)

    Often takes a while to turn that around.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  2. #902
    Antiquated & irrational t.rexjr's Avatar
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    No more bounce left in this cat. Now resembling 2 week old road kill. Continual battering by worn out car tyres heading to fairer destinations won't help it's complexion any.

  3. #903
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    Insto still selling out?

  4. #904
    Senior Member
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    Quote Originally Posted by winner69 View Post
    Ok suppose 220 odd to sub 100 is similar ...but no big bonuses with MPG like there was with AIR

    What did you think of my valuation ranges I mentioned the other day - something around current levels if low growth is achieved up to 200 if you think they can achieve their aspirational targets.
    I see no reason why they can't improve NPAT over the next few years given consents will remain elevated and their working on improving operating efficiency. They haven't won over a lot of supporters with a poor track record but I don't think their track record is exactly shocking either. They have still delivered strong revenue growth.

    Personally I see fair value at $1.20 but I'll make an update on that with their 1H results. If it's as bad as the market expects I may also head to the exit door.

  5. #905
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by winner69 View Post
    What's happened with mpg share price lately is what's happened when some macro market stuff goes against you ......coupled with the affect of pissing the market off (or the market losing confidence in you)

    Often takes a while to turn that around.
    That's exactly it mate. Momentum. Until they can give some assurance in their November update I cannot see a catalyst to stem the outgoing tide of sentiment. Factor in that people simply get tired of the pain and capitulate and momentum feeds upon itself until the clear directional change catalyst occurs. A painful reminder to never hold in the clearly established downtrend. Good for the soul to get the odd financial beating from time to time. Helps with avoiding over confidence.
    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

  6. #906
    percy
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    Very hard deciding whether you are right or wrong.
    If I am not sure I either do not buy,or sell.Did not but MPG as I was not sure,decided to wait for the result before deciding.poor result so did not buy.
    If I am wrong I sell.TGH.Thought I was buying a great consumer staple,was wrong so sold.Don't think I will ever look at them again.
    Strong conviction.When the market says I am wrong,and my research says I am right I back myself.HBL.Cows ,no deposit cars,at the time causing a strong down trend,I brought more.!TRA in strong down trend at present,and I am buying more via TRA'S spp..
    So it comes down to your research.
    Last edited by percy; 02-10-2017 at 04:52 PM.

  7. #907
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    Quote Originally Posted by percy View Post
    Very hard deciding whether you are right or wrong.
    If I am not sure I either do not buy,or sell.Did not but MPG as I was not sure,decided to wait for the result before deciding.poor result so did not buy.
    If I am wrong I sell.TGH.Thought I was buying a great consumer staple,was wrong so sold.Don't think I will ever look at them again.
    Strong conviction.When the market says I am wrong,and my research says I am right I back myself.HBL.Cows ,no deposit cars,at the time causing a strong down trend,I brought more.!TRA in strong down trend at present,and I am buying more via TRA'S spp..
    So it comes down to your research.
    Agree Perc. Followed BP's well thought out posts on MPG.
    Bought at $1.35.. It went up.. :-))))))))
    It went down.. :-(((((((((((
    Did some of my own research..
    SOLD at $1.36.

    Will look again at a $1-00.. or under.. For the dividends.

    DYOR..

  8. #908
    Legend Balance's Avatar
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    Never, never ever, absolutely never ....

    Invest in a stock in a downtrend especially when it keeps setting new lows.

    Everytime I break that golden rule, I end up losing BIG.

  9. #909
    Speedy Az winner69's Avatar
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    Quote Originally Posted by bull.... View Post
    announcement soon should see 90c i reckon everyone downgrading property now maybe till next yr so they should have a bad report?
    One ominious sign was second F17 half Gross Margin of 44% when normally Gross Margin should be 53% odd.

    If this has continued into the first half of this year (and likely) expect a worse than flat result.

    Second omnious sign was hiring consultants - signal they have a problem that they can't solve. Even if rhe consultants do solve it implementation will take a while

    Milford extended their criticism of the Board to questioning 'management abilities' in a story I read on sharechat.co.nz yesterday

    The half year finished last week. Rigby will know how flat flat actually was by now - an announcement might be soon eh bull...
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  10. #910
    Guru Xerof's Avatar
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    Quote Originally Posted by Balance View Post
    Never, never ever, absolutely never ....

    Invest in a stock in a downtrend especially when it keeps setting new lows.

    Everytime I break that golden rule, I end up losing BIG.
    Oh, doesn't auger well for your investment in RBC then, but thats probably different

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