I think the outcome of the election has been factored in as an all but certain event, I sold out on Monday for $12.15. I could be wrong but im happy to take my profit and look for something else, I met my target price here.
Just fell back under the $12 mark and hasn't been moving as much. Maybe the election result has been fully factored in by the market for MMS
I think the outcome of the election has been factored in as an all but certain event, I sold out on Monday for $12.15. I could be wrong but im happy to take my profit and look for something else, I met my target price here.
I think the outcome of the election has been factored in as an all but certain event, I sold out on Monday for $12.15. I could be wrong but im happy to take my profit and look for something else, I met my target price here.
More recent data shows that this downturn in vehicle orders has significantly worsened. The downward trend has not been arrested, but has accelerated; orders placed in the first half of August were 37% down on those in the first half of July. Orders for Australian manufactured vehicles were down by 35%, other vehicles by 38%.
Ford to shut production for 12 days, blaming FBT changes
Read more: http://www.theage.com.au/federal-po...fbt-changes-20130822-2sei9.html#ixzz2ck9Ui91R
Hyundai Australia says FBT changes are a 'hand grenade'
Read more: http://www.news.com.au/business/hyu...17/story-e6frfm1i-1226700204636#ixzz2ckAE6N6k
Nice ride ... I think you did well I don't think it goes past 12-13 bucks even if abbot wins, just my opinion...
And if not you wish you are out -
The ALP moved up to $8.00 this morning to win and it is now at $9.50 at close of day. It seems that the bookies are almost completely ruling them out more and more each day. It is interesting that this time the move in these odds were not reflected in the market today, obviously those odds may not be 100% accurate as they are also exposed to current opinions as well but up until now the betting odds and the MMS price movements have been very highly correlated. It may be showing that the market has fully priced the election result in now so the outcome of the election as an event alone may no longer have as a significant impact on the SP moving forward.
It could take the market long time (if ever) to 'forgive' this large dip in price with the legislative risk looming over the company. kind of like an 'investor beware' warning.
MMS is due to report tomorrow. The uncertainty around an immanent update from the company probably more meaningful to the market today than pricing in changes to the election odds.
what kind of report? (sorry if silly question) Isnt the annual report released on the 9th of September?
What ever it is, if its good MMS could adjust for the $9.00 odds now. Although I personally think MMS has factored in the election result.If bad, who knows what'll happen.
Remember the election result is a binary event... while betting odds are linear. The difference between $5 and $9 odd is significant only to the person making such bets. It has no bearing for MMS, and MMS is most definitely a bet on the election no more.
I'm still torn as to what to do as we lead up to polling day. As aforementioned it is fair to say the increase in MMS since the changes to FBT by Labor has factored in that the Coalition will come to power and more than likely abolish Rudd's changes.
Average entry of $9.03 and now as of today closed at $11.98. I'm getting itching fingers to hit the sell button
I cant see any real harm holding till after election date. No doubt the election result has been factored in however it may jump a few percent when the Coalition are sworn in, you never know. Unfortunately the damage has been done and it may never get back to its highs.
Average entry of $9.03 and now as of today closed at $11.98. I'm getting itching fingers to hit the sell button
or you will find out what they will do this Thursday if they release enough details of what cut and saving they have coming for us all
I'm still torn as to what to do as we lead up to polling day. As aforementioned it is fair to say the increase in MMS since the changes to FBT by Labor has factored in that the Coalition will come to power and more than likely abolish Rudd's changes.
Average entry of $9.03 and now as of today closed at $11.98. I'm getting itching fingers to hit the sell button
One of the reasons I got out of MMS was because I was starting to get worried how the Coalition were fund all these ideas and whether they would do anything like a FBT. Whilst they have slammed Rudd for it, politicians have a knack for back-flips. Too much risk for meAll the best to those who are still holding
All investing carries some risk, even bank deposits as the Cypriots discovered to their horror. Investing in MMS should be an investment based on probability (measured risk), this is distinctly different from gambling. Your reasons for exit are based on a highly improbable outcome in my view. We shall see what the market reaction to a Coalition victory means for MMS next Monday. I suspect it will be a very positive one.
I dont think the Coalition being sworn in will have that significant an impact on the market. The outcome is already expected.
ONLINE bookmaker sportsbet.com.au has declared next Saturday's federal election a one-horse race, and has paid out all bets on the Coalition - nine days before Australia goes to the polls.
So confident of a landslide victory is Sportsbet,it has paid out more than $1.5 million in bets to its members - with the early payout being a first in Australian federal election history.
"As far as Sportsbet's betting markets are concerned, the Abbotts can start packing up their belongings ahead of their imminent move to Kirribilli House," sportsbet.com.au's Haydn Lane said.
"The Coalition are now into Black Caviar-like odds to win the election."
We really need to hear more from MMS themselves instead of speculating the outlook for the company moving forward. They are playing it close to the chest it seems until uncertainty about the future is removed for them in their own eyes.
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