SOLD @ 52c, guess thats better than 37c. Decent loss though.
Once the dividend was gone no reason for me to hold any more.
Printable View
The “tip of the iceberg” comment came from a lawyer. I never have and never will get my financial advice from a lawyer.
There is a gag which basically runs like this. God and Satan are having a dispute over the position of a fence between heaven and hell. God looses because Satan has all the lawyers.
I look at at these situations differently to most. The fact that you are sitting on a loss has absolutely no relevance to your decision to hold or sell shares. In my opinion you should be making the decision based on the assessment of wether or not the price is currently over valued or undervalued. It helps when selling shares in these situations to look at the overall performance of your portfolio. I do not beat myself up over bad decisions. Hopefully your portfolio is doing well overall so it is ok to take a loss if that is the decision.
MPG's sp is going to be up and down as Bain & FBU (most likely acquirer) position themselves playing the game.
May not seem obvious but the Bains of the world need opportunities like MPG to make their money.
Not for the faint hearted or the reef fishes however!
I'm not sure thats quite a fair comparison. Metro's making a profit. They'll be much healthier once those dividends have been diverted to debt reduction for a while. There's a question over the effect of APL doing their own thing but thats a number of years off. I wouldn't be surprised if Aussie gets the flick. Get cashed up and concentrate on running the core business which is quite sound.
Whatever it is - MPG currently TOP decliner on the NZX hitlist. High beta shares just not good during bearish times .. but who knows - maybe just another oppportunity to buy in really cheap :D?