Blaming Shorting is a cop out.
Shorting isn't the problem, its a symptom of a problem. Just like going long on a stock is a symptom of a well run and profitable company.
From what I can see, on-boarding new customers isn't strong enough to cover costs, MP1 are cost cutting and postioning for more efficient use of assets for profitablity, but are not yet there with the number of customer. Lucky they have enough cash at bank but they are a slighly large risk vs their current valuation.
Did you know there is an almost perfect correlation between GDP and food/protein intake in every country around the world. The inference is that as GDP goes up, so does food intake. Blaming shorting is like saying as food consumption and obesity increases, so does GDP.
Stop. Blaming. Shorting.
Ann: 1HFY23 Investor Briefing Invitation, page-12
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MP1 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.51 |
Change
0.110(1.49%) |
Mkt cap ! $1.184B | |||
| Open | High | Low | Value | Volume |
| $7.32 | $7.52 | $7.32 | $826.1K | 111.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 3673 | $7.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.51 | 589 | 4 |
View Market Depth
| Last trade - 10.42am 11/11/2024 (20 minute delay) ? |
| MP1 (ASX) Chart |