The market might be worried that when Labor get their feet under the desk, they might decide to follow through on what Rudd proposed to do to salary packaging in the run up to the 2013 election. Rudd's programmatic specificity about salary packaging took the MMS SP down from $16 to $8. I suspect it also lost Labor the election given the number of ordinary punters it was going to affect.
Maybe Tuesday's profit downgrade from AHG spooked the market.
The short interest in MMS has been declining recently to under 1%, so that suggests that the financial detectives cannot see anything particularly sinister for them to bet on..
Fluctuations?
Cheers
The market might be worried that when Labor get their feet under...
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Last
$17.28 |
Change
0.190(1.11%) |
Mkt cap ! $1.200B | |||
| Open | High | Low | Value | Volume |
| $17.21 | $17.31 | $17.05 | $1.020M | 59.24K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 482 | $17.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.29 | 328 | 10 |
View Market Depth
| Last trade - 12.44pm 15/08/2024 (20 minute delay) ? |
| MMS (ASX) Chart |