MMS was trading at $18.6 before this news with moving averages at $16ish
According to these articles only around 30% of the revenue stream (may) be affected which equates to a fair value of
$18.6 to $13 = 30% drop
instead a massive
$18.6 to $8.8 = 52.5% drop occurred today from highs
Not only is it already oversold from (margin calls, stop losses and lack of understanding ) but these changes won't even be implemented if the coalition wins the election so from current price it's a win/win situation IMO
$11-$12 should be very achievable in next couple days
http://www.businessspectator.com.au/article/2013/7/25/automotive/bet-election-trade-mcmillan?utm_source=exact&utm_medium=email&utm_content=361604&utm_campaign=kgb&modapt=
http://www.businessspectator.com.au/article/2013/7/25/industries/all-mcmillan-shakespeare
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Last
$16.86 |
Change
-0.080(0.47%) |
Mkt cap ! $1.174B |
Open | High | Low | Value | Volume |
$17.01 | $17.07 | $16.80 | $3.346M | 198.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1063 | $16.86 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$16.94 | 573 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1063 | 16.860 |
2 | 11000 | 16.820 |
2 | 700 | 16.810 |
5 | 1655 | 16.800 |
1 | 235 | 16.760 |
Price($) | Vol. | No. |
---|---|---|
17.400 | 1533 | 1 |
17.420 | 1150 | 1 |
17.520 | 1000 | 1 |
17.650 | 14265 | 2 |
17.700 | 10435 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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MMS (ASX) Chart |