I can't think why on earth they would need a CR any time soon. People are talking like this company is making a loss! It's not, nowhere even close to it.
They can easily fund this program from existing cash flow. These sort of rumours are not helpful to anyone except the shorters.
Not that I blame people for trying to spread them. Shorting MTS looks a pretty attractive proposition at this point - there is obviously cause for sustained downward pressure on the SP and any change in fortunes should be slow enough and obvious enough to give ample warning to close out a short.
So what would be the best shorting strategy for MTS? CFD? It's not something know much about.
Ann: FY14 Guidance Update , page-33
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Last
$3.57 |
Change
-0.120(3.25%) |
Mkt cap ! $3.896B | |||
| Open | High | Low | Value | Volume |
| $3.62 | $3.62 | $3.57 | $13.80M | 3.857M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 209984 | $3.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.58 | 2232 | 2 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| MTS (ASX) Chart |