stockraider: thats what i said in the article (hope you read it until the end), i dont see any "bright future", but still the target price, even when i try to be optimistic about their outlook, in my calculation simply doesn't even get close to what others are expecting, or pretend to expect
hey when company got no scandal it is willing buyer willing seller price. If you thing so expensive dun buy. Many think Mr DIY is a household name like 711 so they value it higher but over time with more competitors coming in then Mr DIY stock price will readjust.
alenac: my intentions are more for people which are not aware its expensive, they buy only because professionals advice them so with crazy target prices, or they buy simply because they are shopping at MRDIY often and believe its a good business - with which I can agree somehow, but not with the current market price There is no single successful investor who ignore fundamentals - again I point to W Buffet & P Lynch etc. Lot of was written on this
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by Sslee > 2021-06-12 12:39 | Report Abuse
The price is conered by big boys. You can look nto the top 30 shareholders list and also the shares distribution how many shareholders controlled 99% of shares.