whats happening?
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whats happening?
What is going on with MPG today? SP is off 16% on open.
They announced a couple of weeks back that the new CEO was supposed to be starting work today. Seems to be a huge drop given there is no news that I can find. Did he forget to turn up at the office or something?
New CEO's first day??
Looking on ForBarr, they have cut it to under-perform... but I'm not a client there so can't see what they have written.
Very bizarre, the order book is very thin too with just one small order.
no buyers , wonder if the glass bussiness in aus has big problems. csr in there results i think mentioned there glass bussiness was having problems recently?
Big fall on good volume...something really stinks here. Some people are clearly in the know and others are not. Complete lack of depth on the buy side and plenty of volume on the sell side indicates something is seriously amiss. NZX speeding ticket enquiry definitely warranted ! I have felt for quite some time the entire building sector is one to be avoided. MPG, FBU and STU have all been prodoundly shocking investments considering we're in a building boom !
be very afraid when you have big drop in price with big volume still on offer at the low