MRL 1.69% 30.0¢ mayur resources limited

Why did MRL get hammered ..pls, page-3

  1. 9,466 Posts.
    lightbulb Created with Sketch. 53
    MRL is one of my fav long term value/growth stocks, a great buy at these levels, sold down on low volumes for reasons that only effect short term players. I hope it goes back below $2.30 so I can get some more, there's a couple of others I think look great at the moment too, but I'm keeping a lid on them hoping they drop more.

    ___________

    SHAW Analyst Comments: Miller's Retail share price fall
    May 2, 2002
    Share fallen to a low fo $2.28

    The shares have recently fallen to a low of $2.28, which is lower than I would have anticipated.

    Market concerned about governance issues

    The market is concerned about some governance issues in the company especially the general merchandise operations, and with the many acquisitions made with little expansion of HO, I suspect the managers are stretched far too tight.

    The market has also been concerned about the impact of a reinvigorated CML / Target on MRL's core apparel market.

    Pressure from CBA & AMP selldown

    The selldown by CBA from 13.5% to 8%, and of AMP from 6.3% to 5.3% since mid Feb has also put downward pressure on the stock.

    MRL believes 30% EBITA increase likely

    MRL released to the market a statement noting they believe EBITA in 2002 should be at least 30% above last year (in line with HY +33%), and that comparable apparel store sales growth remains double digit for Jan to Apr (an improvement after some weakness in their HY to Dec).


 
watchlist Created with Sketch. Add MRL (ASX) to my watchlist
(20min delay)
Last
30.0¢
Change
0.005(1.69%)
Mkt cap ! $123.3M
Open High Low Value Volume
30.0¢ 30.0¢ 30.0¢ $32.72K 109.0K

Buyers (Bids)

No. Vol. Price($)
1 2006 29.5¢
 

Sellers (Offers)

Price($) Vol. No.
30.0¢ 27482 1
View Market Depth
Last trade - 11.41am 04/12/2024 (20 minute delay) ?
MRL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.