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20/03/15
15:46
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Originally posted by Dr.Seuss
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MBE - I am familiar with the story from days of yore. A real head-scratcher of a stock if you follow fundamentals ie why is this profitable company being sold down AND if you follow other 2-bit tech stocks which are jumping.
However when you look at the way the pro's operate, then you understand.
I've had a quick look around and I see reference to at least 2 research reports. This appears to be a planned mark up triggered by the company. The pro's should now stand aside as they will not want to compete with each other.
I think what we will see now is a steady re-rating until they decide to sell. That could be at 25c, 50c or $1.
The question is why are all of these reports coming out now?
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Bell Potter and BBY put our their reports last year following the companies efforts to raise capital - if those are the reprots your refering to. As for lincon and taylors, i dont know.