Rather see directors buying in then selling. Poor judgement or not.
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Rather see directors buying in then selling. Poor judgement or not.
I think this is a fair assessment. Based on my impressions I see Nigel as quite capable in his role. Not that sure about all board members, but I hope that the chair felt the slap he received at the last meeting - and I think the reminder of the board is quite competent. Let's hope they find a good way to resolve this issue in the interest of the shareholders.
Obviously - from a TA perspective Hoop is correct as well - the TA looks bleak, but then - it always looks bleak when a company is at its lowest point ... but obviously the fact it does look bleak does not mean it must be at its lowest point.
As well - while I highly value Hoops contributions (and he understands much more about TA than I do) - he is not always right (and neither am I). Just another risk to assess.
Investment is an activity based on risks - and normally the higher the perceived risk the higher the potential rewards. Risk implies uncertainty - and exactly that is what we investors have to live with (if it would be certain what happens, the markets would not work). Personally I think the potential rewards (at current SP) look ways better than the potential risks (of a further drop).
Discl: Obviously I bought (with the benefit of hindsight) too early. Too bad ... but at current price happy to hold.
He may see it as a safe investment. If you have 300k lying around you put it into a good sound dividend stock and earn more than you term deposit If you have 20k lying around you might put it into something more speculative for higher risk/higher gain. He already has a deck...
Don't think anybody is saying Metro is a pup / basket case / another IQE
They've been around for decades and will still be around in decades time
And I think we agree probably cheap as at the current price (so a good time to buy ..or not sell)
Will it go back to 2 bucks again .....or will it just be another Methven as some as suggested.
Good to see bargain hunters out in force - the same punters who couldn't give a stuff about Metro in the past
Today will be another good day for Metro
ACC also grabbing more shares at bargain prices