It is a very credible result, and even an upgrade for the full year.
With 2 insto. holders dumping a large amount of stock over the last couple of weeks, and with more to get rid of yet (my feeling) there is a stock overhang that will take some time to be cleared.
For a longer term position, and assuming MCP can hold NPAT at this level +/- 20% or so, then when they start to pay dividends the yield will be very nice. I wonder how many people though, at this time, are prepared to back a stock for the longer term
Still at a p.e. of just over 1, the price is very cheap and worth a play.
It is a very credible result, and even an upgrade for the full...
Add to My Watchlist
What is My Watchlist?
