I have been tossing up whether I should buy into this and I think I might buy a few. However the wide ranging price from $1.55 to $2 is a bit off putting so I may go in for a smaller position as it seems a little like gambling not having a narrower price range. Most analysts think it is a good deal around the $1.55 and not so good at $2 so if it lists at around $1.80 that may represent fair value. IMO retail and institutional investors are going to jump on board in a big way so the price is likely going to be pushed higher regardless of the fundamentals.
They key will be when you should sell if you are short-term to medium term investor; possibly within 3 to 6 months before any shocking financial come out and people get bored with MPL. If you are thinking long term I think there will be an opportunity to cut costs and maybe change management in the next few years as from what I am reading the current CEO has been there for well over a decade. George Savvides will be under the pump to increase profits and I can't see him staying too long if there is no plan to increase shareholder value.
- Forums
- ASX - By Stock
- MPL
- MPL - Thoughts ?
MPL - Thoughts ?, page-2
-
- There are more pages in this discussion • 81 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MPL (ASX) to my watchlist
(20min delay)
|
|||||
Last
$3.95 |
Change
0.045(1.15%) |
Mkt cap ! $10.90B |
Open | High | Low | Value | Volume |
$3.95 | $3.97 | $3.93 | $9.007M | 2.329M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
52 | 43391 | $3.94 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.95 | 80357 | 52 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
63 | 71865 | 3.940 |
21 | 128764 | 3.930 |
11 | 65234 | 3.920 |
11 | 161568 | 3.910 |
10 | 45551 | 3.900 |
Price($) | Vol. | No. |
---|---|---|
3.950 | 73183 | 49 |
3.960 | 87247 | 28 |
3.970 | 136574 | 23 |
3.980 | 80691 | 12 |
3.990 | 196942 | 15 |
Last trade - 12.36pm 16/08/2024 (20 minute delay) ? |
Featured News
MPL (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online