MTS 2.51% $3.11 metcash limited

Ann: Metcash Limited Share Purchase Plan-MTS.AX, page-9

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  1. 3,213 Posts.
    lightbulb Created with Sketch. 97
    Tough call really as it wants to move higher to reflect the real opportunity, yet at the same time the $2 issued stock seems to be temporarily anchoring it. Think it is going to flip flop between $2.05 and $2.30 until the volume difference has been pocketed then hopefully move towards $2.60 range.
    I still think mts was dumb to issue at $2.
 
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