Is the honeymoon over?, page-163

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melastcracker

2,080 Posts.

28/10/17

08:45

Post #: 28274340
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Originally posted by Pixie2000 ↑

Sorry, I'm with Thunderbird. It is becoming tiresome reading the same excuses over and over.
I'm not sure where MLC's figures are from but I don't feel I can exactly rely on those basic pie charts that were given earlier in the year. Ideally Instuitional ownership, Private Company ownership and Inside ownership would be high enough that a retail segment of 20-30% would be enough to stop the erratic price fluctuations.

Finally we might be at a point where Instuitioanl support comes in given the lower MC and hopefully positively trending 4Cs, although we'll still need more. I think there's still a while to go given it appears we're using inventory from July and this current quarter's forecast appears the same as the one just gone.

It's coming up to a year since we've had solid news of incoming revenue (we're still yet to even get that and who knows if NC's Pegasus deal is actually $10m), I blame this for the retailers selling and not some random article.

Let's hope the high volume down here was finally a low and stock going to sticky hands and not traders or more emotional retailers.
(I personally think a better opportunity will arise given the company's commentary recently, I also hope I'm way off the mark.)

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My figures are derived from those pie charts that were dated for release, but I do agree anything is possible. Where's the data from your comments come from?

AJX Price at posting: 33.5¢ Sentiment: Buy Disclosure: Held
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Is the honeymoon over?, page-163

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