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43.0¢ mg unit trust

Worse Is Yet To Come?, page-10

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Newry2

2,909 Posts.

05/05/16

05:21

Post #: 17680490
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Originally posted by daybreaker ↑

I'm convinced usc75 has shorted this stock hence his down ramping. Notice he doesn't compare MG with other milk produces. Like how much Fonterra is paying their NZ farmers or Bega Cheese P/E 46.06 div yield 1.43% or Saputo TSX P/E 26.04 div yield 1.34%. Does WCB even pay a dividend? and how much extra debt they will be carrying to maintain milk price. MG is operating in tough space. All the problems caused by MG mismanagement ??? Looking for positives, the MG farmers that are sharing up or accumulating like I am are removing a lot more shares from the whiney, snivelly share market and the lower the shares go the faster we get them. Low milk prices will always always create high milk prices and these shares will be back where they should be IMO. GLTA

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A positive meeting in Maffra (major Gippsland supply area) last night. Phil Tracy got a rapturous applause when he was described as one of the best business men in Gippsland. There is always a vocal element but silent majority are strongly behind the board. Very little milk will move.

MGC Price at posting: $1.13 Sentiment: Hold Disclosure: Held
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