sportsbet odds are: coalition 1.21 and Labor 4.50. A few days ago Labor were at 4.00.
Putting Labors chances of winning at around 20% and Coalition 80%.
Worth the risk considering the short term reward IMO
MMS - McMillan Shakespeare
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sportsbet odds are: coalition 1.21 and Labor 4.50. A few days ago Labor were at 4.00.
Putting Labors chances of winning at around 20% and Coalition 80%.
Worth the risk considering the short term reward IMO
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Like others I am watching this stock and have dipped my toe in the water, albeit with a small lot and provisions for a quick exit if necessary. I am a Lib voter and though a win is looking a possibility, it is still too early and close to call. Rudd is clever operator and I would never let bias interfere with decisions regarding assets. The big attraction for the gambler in me is a chance to grab a quick 50% profit, i.e. bought at $8, sell at $12 and walk away whistling. The more logical conservative side of my split personality says "steady as you go".
While I respect your comments, do not think people will worry about rushing in to snap up a new agreement in the future, remembering that legislation is required to change such arrangements and no changes to existing contracts would be retrospective. So people would be safe in the knowledge that their new deal would continue unchanged until the term expired. I have some knowledge and experience of novated leases and they are very attractive to the current generation who have so many competing necessities for the disposable income.
Last year they paid a dividend of 49c so at current share price of $9.41, that represents an annual return of just over 5%. I am no expert in this area, so I do not know what will happen to that dividend. Hopefully someone with knowledge can give some idea, however logic says the dividend amount per share would probably reduce.
It will be interesting to see how it plays out...good luck to all! :car:
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Looks like the MMS price is tracking with the odds today, up 3.5% in morning trade.
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Wow what a day for MMS, absolutely took off. The market must have taken in the odds by sportsbet for Abbott to win. I got in at a bit higher than I liked however I got free brokerage and the stock should go up following the election result, shouldn't lose... I hope. Good to get my hands dirty, at last
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I think it had more to do with the debate last night as opposed to the odds although they are intertwined. Odds have been bad for a while but the debate did nothing for Rudd last night. Glad I got in a few days ago. Lets just hope it continues on it merry way to $12.
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Agree, the debate had to be a clear win for Rudd to keep the lid on MMS speculation. I am inclined to rethink my post-election price target for MMS given today's price action. $15-$16 seems a reasonable target now.
and todays movement was only from an election result.
I think the $15-16 price seems reasonable as the industry will be better off under Abbott than Rudd even if the tax hadnt been put forward by Rudd, IMO
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The thing is can it get back to $15-16 with the constant speculation every three years? As we know Abbott has all taxes under review but has said this one is off the cards but you never know. I hope you're right though!
of course it will in the short term but eventually the FBT tax will come back into talks and expect it to be a part of Labors policy in the next election.
The other worry is whether the current price already includes the fact that Abbott has all but won it; just look at the sportsbet odds. Will him getting voted in really make the price soar that much? I hope so.
I guess we will have to wait and see
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Joe Hockey has been emphatic that the coalition will not support the proposed FBT changes (still not L-A-W law) in government or opposition. Post-election, Labor is unlikely to revisit such an unpopular change as part of a new policy platform in opposition. If the opposition wins the FBT policy is dead and if not it's still not certain to pass into law. Probability favours the risk taker here. The fundamentals that drove MMS to $18/share pre-announcement will be reinstated after the election IMO.
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I agree. Another great start today up another .51c as at this post. This looks like its going to be very profitable.
Well done to all the guys that took the risk and bought this stock in the last 2 weeks
Lets hope the rally continues!
Might be a stupid question, so please ignore if its a noob question, but in the depth of market for MMS on commsec it says there are 500 buyers for 689,000 units and 87 sellers for 130,000 units. Does this mean the sentiment is bullish for this stock or does it have no relevance? Thanks, sorry to drift off topic
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There are definitely a lot of people buying or wanting to at the moment. Yesterday I think the stock had about 9m in trade value go through whereas today we are nearly at 30m. Last two days have been very bullish.
I'm with Westpac but I'm sure you can see as well. Have a look at the trade volume graph.
I would but I'm on my phone and the commsec app is terrible, only giving very basic info. The smallest time frame for the graph is 3 months lol
I can't see it running like this for long though. Eventually it'll run into some resistance, but where that is I have no clue
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Looking for gap up, crazy volume and price spike, then fade fade fade
aka Billabong type action
I was thinking something similar as I also follow BBG however I think that BBG was just pure speculative demand. With MMS there's an actual reason behind its demand and its share price hasn't fallen over a year+ and really only fell due to the FBT tax announcement
