Am sure its all to do with dashed expectations regarding the divvy. CEO going probably did not help. On the assumption they knew the CEO was going you might have thought they could sweeten the divvy a bit to offset or allay any perceived concerns.
It remains a decent buy around current levels and possibly upto 1.10 if we assume ( no reason not to) that the 12 monthly divvy remains a the historical 8c fully franked.
MCP Price at posting:
$1.06 Sentiment: Hold Disclosure: Held
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