Ok, well my gut feeling seems to have been vindicated.
The company has responded to my foreshadowed ASX enquiry by saying nothing has changed from previous forecasts.
I repeat my earlier view, in that PPT has taken a portolio investment view to quit/reduce their holding in MCP. I have monitored PPT's investment decisions for several years, and truly cannot find any logic in their tactics of deciding to quit an investment. (except of course they are not dealing in their own own funds).
I could be well wrong here - on one hand MCP have confirmed previous profit guidance, and yet the stock keeps getting hammered.
Personally, I reckon it's a gift at these prices
MCP Price at posting:
28.3¢ Sentiment: LT Buy Disclosure: Not Held
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