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
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