MGX 0.00% 30.0¢ mount gibson iron limited

Ann: Change in substantial holding-MGX.AX, page-17

  1. 1,946 Posts.
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    Lots of clever selling today, would have been nice to see this clear out earlier. Needed to bust through 26.5 during that first hour imo.

    Still plenty suggesting its fundamentally overvalued compared to TFP.

    The negative "Forecasted Growth + Estimated Dividend Yield/ Estimated Price Earnings" ratio indicates that either the forecasted growth is decelerating or the financial analysts are expecting a loss (negative estimated PE). Then thrown motley into the equation and production increases from the big four, hopefully this can hold range here prior to new information.

    The fundamental price potential seemed to have swung, but that offloading 25.5 is putting a damper on upwards momentum. Still plenty of traders to deal with on this lovely Friday afternoon also.
    Last edited by troyboy: 17/06/16
 
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