Australian (ASX) Stock Market Forum

MP1 - Megaport Limited

And i didn't think the results were that bad..shows you how much i know.
I was probably blinded by the fact that MP1 had finally turned a profit for the year.
Could be more pain coming especially if the market perception becomes widespread.

Not Held
 
With three free stock analysis with Vector, did another analysis on MP1.
Surprising the same aligns with Trading View with a strong sell on technical ground
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so, has a double bottom landed, or is there worse in store?

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.
some spurt included MP1 in the top holds for next decade, but is that going to be the case?

NLH
 
Market Matters replied to a subscriber's question 12/10/24
"Megaport (MP1): Guidance in its August FY24 report was disappointing and the stocks now halved from its May high. Its a “punt” at this stage to us until a clear turnaround path evolves with the stocks still priced for high levels of growth."

I'm on the sidelines re the chart. Doesn't look all that promising at this time imo. A close above 7.50 would have me optimistic. A close below $7 would be a bad look.

Not Held

WEEKLY
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'Market Matters' Friday afternoon report
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  • ResMed (RMD) +5.92% reported after hours in the US with revenue of $1.22bn up 11% YoY and ahead of $1.19bn expected, EPS of $2.20 vs $2.07 consensus. Commentary was strong, the CEO Mick Farrell saying “Our first-quarter fiscal year 2025 results reflect ongoing momentum and strong execution across all areas of our business.”
 
'Market Matters' Friday afternoon report
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  • ResMed (RMD) +5.92% reported after hours in the US with revenue of $1.22bn up 11% YoY and ahead of $1.19bn expected, EPS of $2.20 vs $2.07 consensus. Commentary was strong, the CEO Mick Farrell saying “Our first-quarter fiscal year 2025 results reflect ongoing momentum and strong execution across all areas of our business.”
megaMed ? ResPort ?
 
Despite oversold momentum the weekly chart has deteriorated and closed below the seven weeks consolidation range and below $7. So it looks like a low is off the cards for the time being and I have to call it a sell until favourable weekly candlestick(s) appear.

Not Held

WEEKLY
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Megaport Limited (MP1) $7.57​

MP1 -9.45% While MP1 reaffirmed FY25 guidance today, that was all in-line with the market, their rhetoric around FY26, whereby they said they were expecting a similar growth trajectory to this year saw the market underwhelmed, expecting a step up in growth in FY26.

MM remains neutral towards MP1
Market Matters
 
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