In todays world of ASX listed company's being required to respond to virtually all speculation in the press (not that I agree with this), MRG's lack of commentary re the speculated loss of a major grocery contract is very troublesome. Further MRG hosted a Conf Call post the downgrade 3 weeks ago. Given the more material nature of this last announcement, I am very surprised that the company has not been willing to host another Conf Call. My read of the tea leaves suggests more pain to come ....
MRG Price at posting:
31.0¢ Sentiment: None Disclosure: Not Held