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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MMS
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1.16%
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$17.11

MMS was trading at $18.6 before this news with moving averages...
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Last
$17.11 |
Change
-0.200(1.16%) |
Mkt cap ! $1.191B |
Open | High | Low | Value | Volume |
$17.30 | $17.30 | $17.06 | $3.629M | 211.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1072 | $17.11 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.21 | 1027 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1072 | 17.110 |
1 | 1008 | 17.080 |
1 | 566 | 17.060 |
1 | 30 | 17.050 |
2 | 2058 | 17.000 |
Price($) | Vol. | No. |
---|---|---|
17.210 | 1027 | 1 |
17.250 | 29 | 1 |
17.300 | 651 | 3 |
17.310 | 225 | 1 |
17.320 | 200 | 1 |
Last trade - 16.10pm 16/09/2025 (20 minute delay) ? |
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MMS (ASX) Chart |