Patersons did a number of their raises early this year and late last year. They are the last brokerage I'd be using - their books get tapped out too quickly and they rely on churning to keep up the deal flow. After each of those raises we got smashed, and you can guarantee they'll be locking in profits and moving on to the next deal. Unless you're on a wrap product, your broker doesn't make money off you buying and holding.
Interesting to see Pershing there too. It's an international platform - i.e. people overseas use it to buy here in Australia, and vice versa.
MGV Price at posting:
60.5¢ Sentiment: Buy Disclosure: Held
