mak has been a dog for many yrs now, previous mangement had a very good method on under whelming the share market (ask adam a). other than an intial investment by vulcan in mak we have seen nothing to change this point of view. new market rewards results not prmoises. been plently of promises too by mak and deleivered on none, another reason the sp is low.
lack of interest by institutional investors as well has seen top 20 sh (being mak former cronie management and another related investor) have control of about 20% of the company. the rest of the shares belong to disgruntled small retail investors still pissed at the cap rasising at 40c years ago and the tnt debacle. their patience is long worn thin.
CL picked self a heck of a company to try and turn around. on the other side of it mak has huge potential with ihp tech and wonarah resource. CL is proven management. all depends on your temprement.
last point might see a director buy notice tomorrow. there was a trade for 100k at 11.5c.
AEV Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
