Results are due out Thursday with buyback to recommence on Friday. Unless the results fall well below consenus I expect this to hit $1.50 early next week.
Possibly MMG should internalise its management.. any ideas on the cost?
RE: negative EV - only part of MMG which has been impaired is ACM - the southern cross divisions have survived GFC without any write downs - shady accounting or very strong businesses? take your pick
MMG Price at posting:
$1.11 Sentiment: Hold Disclosure: Held