Who is selling down MYdeal shares?, page-3

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jinwencai

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24/12/20

22:35

Post #: 49811923
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Originally posted by BullsvsBears: ↑

I too am left scratching my head everyday,, just wondering who was actually selling.

Quiet sure- management or the top 20 hold a big chunk of the total shares and the public hold a fraction..

I Don't really understand how this small fraction of public -- bring the SP down so drastic!!
since the day of Listing
even with
Record Profit November month Announcement and
and their push to a stable Private label

Just my reason for MYD was**
Their move to a Private label was very promising...
Looking at this company's gradual growth over the last 3 years.
Of all the companies i looked and don't make any Net profit on the ASX
MYD had moved into the NET income PROFIT in FY2020

ASX Gross to net income graph attached:

Last year 0.85 Million NET PROFIT so as an investor-- I am Holding

The ones selling everyday could be here just to trade.. and not care Hoot about its SP value..
My next eye will be December Trading Update-
And how they evolve towards FY21

Expand

if the top holder are selling shares thwre will be some announcements ...

it could be a lot of retailer traders trying to dump their shares becuase it didnt reach $2.50 ...

we all know boxing will be crazy for onli e retailers.. sad thing is kogan and temple and webster are sky rocketing while mydeal shares are dropping ...

lol

MYD Price at posting: $1.20 Sentiment: Hold Disclosure: Held
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Who is selling down MYdeal shares?, page-3

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