re: may-bounce
I Think a recovery has started. Mayne moved 29c last week. 2.87-3.16 10.10%. An important gauge having moved 10% of low.
I think next week will be Interesting if Mayne can break 3.25.
the stock last week found a fair bit of buying support. Maynes has helped alot, but there seems like insto support as on one of the days i Think thursday. 7 odd million traded, mayne only took 500k of them.
with mayne buying back 9% and alot at levels not anticipated at prices Ie Sub $3. This will be a extra bonus for Mayne in Earnings Per shares.
Definately one for long term. As has been sold of so much, that it's come back to below book value with a good div yield of above 4% and 10% debt/eq ratio.
Rgds,mode
SYB Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held