I would suggest that sales/contracts will see it head north and not what the charts are predicting.
There are lots of companies out there with new products that could do well, but in this climate they will have to prove themselves first. MBP fall into the category of 'prove it'. I am waiting to see if they can sell them first.
Also, we have an AGM coming up which will ask for re-election of directors, and increase in the maximum annual remuneration of non-executive directors, selective buy-back and employee option plan, plus other issues.
I'm not sure anything will happen before the meeting and if all these items will be voted 'for'.
Given the rape and pillage of companies by directors and executives over the past few years, handing them the keys to the safe is not my idea of a good start to a new board.
My opinion.
Cheers. TC
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