MMS posted an ASX announcement in mid-May, an Investor Presentation in which they said that novated lease orders YTD to April 30 2014 were ahead of the previous year on an "orders per day" basis. The also ramped their UK business a bit....
The announcement earlier this week, (after year end) called the suspension by Qld Govt "immaterial".
Directors have a duty to report material changes to the business....they can't be lying.
There are 3 alternatives to explain the current performance:
1. Sentiment and the system traders feeding off that (and their is considerable evidence for that in the share sales data)
2. While operating FY 2014 will be OK the Outlook will be crappy
3. New CEO clears the decks and introduces a bit write off to the FY results
I would appreciate any informed debate on the issue...
Cheers
MMS posted an ASX announcement in mid-May, an Investor...
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Last
$17.35 |
Change
0.020(0.12%) |
Mkt cap ! $1.208B | |||
| Open | High | Low | Value | Volume |
| $17.50 | $17.55 | $17.30 | $2.165M | 124.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6060 | $17.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.41 | 362 | 1 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| MMS (ASX) Chart |