re: dog at 7.4c MGBGTA company does not and cannot control the...

re: dog at 7.4c MGBGT

A company does not and cannot control the shareprice. It is in fact the buyers and sellers of the stock that control it. Compared to most other telco's their size they have performed very well. At one stage people were saying "why dont they get into hardware, DSLAMS and their own voice switching network"

Look were iiNet is right now as an indication as to why that would have been a horrible idea.

They have performed consistantly and met most of the targets they have set. Just because the stock has not attracted the day traders, who are in it for the fun(such as the 50mill+ iiNet shares that traded), and who feed on such things like iiNet as they are now, it does not mean they are a bad company.

You are right though. The share price should be much higher than it is now. The company is strong and geared to convert that revenue into great profit once the time is right. However as I said at the start a company cannot control its shareprice. Its simply following industry trends.