Well finally the meddlers have left MBE alone at the close. I suspect they have exhausted their efforts to weaken the stock and shake the impatient hands. Here's a news flash, they may even want their big chunk of shares to get above the bid price of 26c they paid recently. Greedy bastards.
I have assumed for some time the instos/funds are wanting to get their hands on as many as they can at these cheap levels so they can make the big kill as the OS income, ad revenue, products and games ramps up significantly. I's like to see the top 20 to prove my theory with Perrenial at No 1 at 7.2%.
Lets hope these pricks let the stock reach a fair value of mid 20's before it shoots again based on further deals , EPS growth and some conservative OS growth.
It has astounded me how MNW who has 50-100 million more shares, makes losses with a fraction of the global reach and a SP well above MBE. Go figure?
- Forums
- ASX - By Stock
- IMS
- Breakout
Breakout, page-27
-
-
- There are more pages in this discussion • 107 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)