8 replies to this topic

[yusufm]

Sold at 28c today(20% profit). After reading their results properly, I must agree with HDB, directors seem dodgy to me...

[yusufm]

Results are out, and 1c divi declared

[LiveInExcess]

also took a little nibble at 26c........ all offers dried up at 27

[yusufm]

A decent trading update from them.  I have bought 1m shares at 26c.  Lets see what happens.  Once again the stock looks very undervalued on all metrics.  At a 5x PE I am willing to take a risk

Ah so it was you

 

I'm holding them from 23c. MOR makes up a rather large part of my small cap portfolio... 

 

If you watched the closing auction today, you would've seen a bid to buy at 26c for 2mil shares. The trade was taken off market straight after the close of trade. Hopefully, other big buyers come to the party after the full results release.

 

Results on friday should include at the minimum a 1c dividend declaration. If they do, I won't sell out below 30c. If they don't, then we'll see...

Edited by yusufm1, 27 August 2014 - 05:09 PM.

[SoleTrader]

A decent trading update from them.  I have bought 1m shares at 26c.  Lets see what happens.  Once again the stock looks very undervalued on all metrics.  At a 5x PE I am willing to take a risk

[yusufm]

Interested to see what people say

 

There's 555500 shares on offer at 29c but no-one wants to touch it, so until that is sold I doubt the share is going to move up a lot

 

Their FY estimates should be released on 29 August, hopefully its good and that huge block of shares on offer disappears so that the share can move upwards again.

looks good for a short term position (exit after the move as a result of, what I assume will be, good results).

Edited by yusufm1, 31 July 2014 - 05:10 PM.

[HDB]

Hello fellow investors

 

The stock ticks all the boxes for a value investment (ultralow PE, pays a divi, high cashflow yield).  What am I missing?

 It looks good but then why is market ignoring it?

 

Its because of management....Guys running this ship have question marks all over them.. Been invested in here for over 10 years and I wont trust these guys with another dime!!

[vlam]

Hello fellow investors

 

The stock ticks all the boxes for a value investment (ultralow PE, pays a divi, high cashflow yield).  What am I missing?

 

Interested to see what people say

 

There's 555500 shares on offer at 29c but no-one wants to touch it, so until that is sold I doubt the share is going to move up a lot

 

Their FY estimates should be released on 29 August, hopefully its good and that huge block of shares on offer disappears so that the share can move upwards again.

[SoleTrader]

Hello fellow investors

 

The stock ticks all the boxes for a value investment (ultralow PE, pays a divi, high cashflow yield).  What am I missing?