Nice reversal on MBL today, inspite of all the bad press and MCIG float underperforming this finished the day quiet well.
Positives:
1. Ultra cheap growth stock- 02 PE of 15.4, 03 PE of 12.85, yielding 4.1% and a EPS growth rate of 20.6%.
2. End of MBL staff selling period tomorrow (14th)- Staff have
contributed to about 800,000 shares being sold since AGM.
3. Nothing overhanging stock until Oct when MAP $'s are raised.
Conclusion:
should bounce from here, helped along by the short covering.
MBL
macquarie bank limited
Nice reversal on MBL today, inspite of all the bad press and...
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