Maybe BOOM TIME is the omen investment / punt / gamble in the Melbourne Cup tomorrow
Printable View
Maybe BOOM TIME is the omen investment / punt / gamble in the Melbourne Cup tomorrow
Single Gaze the window fitters choice for the Cup ?
Metro been in the 80's before?
Trading at an all time low. Technically this looks doomed to continue the decline. Milford still got a lot to let go and are clearly disenfranchised holders.
If it ever breaks up through the 30 day MA it might be worth another look but not before, in my opinion.
P.S. Plumbing even deeper lows at the close got the hound pondering. The NTA of the company is -5.77 cps so the entire "strength" of the balance sheet is built upon goodwill which in turn was valued and "constructed" and therefore predicated and contingent upon assumptions of ongoing robust growth. What happens if growth just stops dead in it tracks and simply doesn't happen going forward ?
Hmmmm...kind of undermines the authenticity of the balance sheet I would have thought.
Could be an interesting company to watch on the slight chance the new left wing coalition experiment tips the economy into a recession.
hell yeah .....
https://www.youtube.com/watch?v=3Gu4vDhAomE