going long, page-2

A few points to consider:

(a) NTA is at $0.69
These 'hard' assets are not some engineering equipment that has a very narrow use and a secondary market that is very limited, they are trucks.

(b) forget the whole cootes thing. Pretend it doesn't form part of MCS, then run numbers over the remaining divisions.

(c) look at FY2014 pro-forma revised guidance NPAT (before significant items)

(d) most importantly understand market psychology. In two years the cootes issue will have been forgotten by the market.

(e) There is significant insider buying occurring over multiple days

On a negative:
(a) The buy/sell ratio is still weak. Far to many people still trying to get to the exit
(b) There are some large sellers out there still offloading. This is easy to see by watching live buying/selling
(c) This stock will be a beaut for end of year tax loss selling. With the overall market doing so well this year, there is increased incentive to crystalise any losses to reduce ones tax bill.