MYD mydeal.com.au limited

I too am left scratching my head everyday,, just wondering who...

  1. 24 Posts.
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    I too am left scratching my head everyday,, just wondering who was actually selling.

    Quiet sure- management or the top 20 hold a big chunk of the total shares and the public hold a fraction..

    I Don't really understand how this small fraction of public -- bring the SP down so drastic!!
    since the day of Listing
    even with
    Record Profit November month Announcement and
    and their push to a stable Private label

    Just my reason for MYD was**
    Their move to a Private label was very promising...
    Looking at this company's gradual growth over the last 3 years.
    Of all the companies i looked and don't make any Net profit on the ASX
    MYD had moved into the NET income PROFIT in FY2020

    ASX
    Gross to net income graph attached:

    Last year 0.85 Million NET PROFIT so as an investor-- I am Holding

    The ones selling everyday could be here just to trade.. and not care Hoot about its SP value..
    My next eye will be December Trading Update-
    And how they evolve towards FY21

    https://hotcopper.com.au/data/attachments/2758/2758871-55373f49761c5d31e8a63d4cd2d83a95.jpg
 
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Currently unlisted public company.

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