yep, its all going to be up to those hedge funds who have acquired a very large chunk of MOS.
the profit announcement is just rubbish imho. the headline of 181% is almost misleading. because the result from the continuing Operations ie our business, was in fact a loss! whilst revenue went up by 3%, profit went down.
the "profit" was only as a result of approx $10m profit from sale of Kimu. the problem with that is, once they sell all the assets off, then where does the income come from?
the headline is "spin".
but the spin sits well alongside the fact that we were told nothing about AGL earlier interest in our company, and the MOS SP was seen to drop to 7.7c, which gave AGL the opportunity to lob an opportunistic bid at 15c.
what a disgrace
MOS Price at posting:
15.0¢ Sentiment: None Disclosure: Held