MMS is on its way to retest the 52 week high of $14.84.
If bad news can bring the SP from $18 to $8 in the space of a few days then surely good news can take the SP to $15, which is where MMS belongs. Earnings expected to grow at 8%/annum for the next few years and FF divvy of 4.5%.
In my post dated May 5, when the SP had already shot up to $13.53 from $12.50 levels, I said that the rally is far from over. Today it closed at $14.46, so a further increase of 6.87%. Fears around regulatory changes were overdone and are in the past now. Mark my words the SP will be around $15 in a matter of few short weeks.
You have to find hidden gems on ASX. MMS is one of them. Read my posts on SWM, when the SP was around 0.67 cents. I was telling everyone to buy SWM back then and today the SP is $1.15. What a difference a few short months make. Netflix continues to attract viewers, but SWM SP also continues its upward trajectory.
Ann: Federal Labor Statement on FBT-MMS.AX, page-15
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Last
$15.20 |
Change
0.100(0.66%) |
Mkt cap ! $1.058B | |||
| Open | High | Low | Value | Volume |
| $15.20 | $15.38 | $15.15 | $3.443M | 225.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 421 | $15.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.35 | 3204 | 2 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| MMS (ASX) Chart |