I am a qualified accountant. From financial prospective,
TOTLALLY agree with u that MGC has no problem . over reaction of share price.
Banking-------no trouble
P/L-----------Still make profit, A2m just started making 7 million profit and it was in loss for a year since listed.
Both Mgc and A2m are in high profitable business baby formula now.
only problems were that the former CEO gave farmers too much and expected too high
So far I think it is because market expected too high in tough market condition. Also MGC just started changing, the baby formula just on market both in Australia and China on 15/04/16. Let wait and see the further update on this.
MGC Price at posting:
$1.30 Sentiment: Buy Disclosure: Held