Many in the markets have been predicting a 0.5% interest rate hike in mid March that will shock the equities market due to runaway inflation in the States. This will likely cause a lot of capitulation due to a heavy burden of margin loans and a sudden forced stampede for the exits. Should that happen as well as the 6 other follow up rate rises also predicted in 2022 then there may be some real issues for all those companies that are heavily indebted. How that impacts on Mayne is yet to be seen Pat. Not sure whether the Ukrainian crisis will halt interest rate rises or not but the US market is substantially over valued so the bubble is likely to get pricked very soon IMO and then we’ll see who gets caught with their pants down when the tide goes out….Wonder if SR has been racking up any margin loans himself. He seems like a big spender and didn’t mind assisting getting Mayne into a whole pile of debt….
MYX Price at posting:
22.8¢ Sentiment: None Disclosure: Not Held
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