PTM is a class act, MFG is toxic waste.
The issue with any takeover would be the price, PTM management are polite when asked about MFG but it looks like the product of a bull market.I love the chutzpah but I'd never grind someone on the wrong side of a trade or an investment because of all the times I get it wrong, because it just sucks for them so I sympathise and because the market violently punishes hubris like shorting something when it's in the hole.
Which isn't to say it's not a short but I'd look for the bulls to be on top of the heap and skiting like hell before pressing a short like this.
Ann: Funds Under Management - September 2023, page-105
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Last
$9.07 |
Change
0.520(6.08%) |
Mkt cap ! $1.639B | |||
| Open | High | Low | Value | Volume |
| $8.73 | $9.15 | $8.71 | $11.01M | 1.220M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2471 | $9.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.08 | 2361 | 3 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| MFG (ASX) Chart |