This counter is for long term and not for contra players. Need genuine investors who believes in this new management to delivers good results in the near future. With all the projects in hand mrcb will create great results in the coming quarters....God willing.
....now value cap silence no news potentally they are accumulating n once the news start to coming it time to cash out....anyway global equity mkt is in strong rebound mode probably good for next 4 to 6 weeks coinside wth mega project bidding result so time to cash out for construction counters....
Sir John Templeton said: “Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria.”
That was true seven years ago, 50 years ago, and definitely just as true today.
Logically speaking, what comes down must go up.
Earnings can still be nasty, but doesn’t the market always behave a year forward. At the heart of it all, the market is made up of buyers and sellers. All it takes are a few buyers during a down period to sniff out an opportunity, and suddenly, the market is edging upwards.
It’s the same story with oil prices. Do not expect the coast to be completely clear – for example no more excess inventories, oil demand significantly outpacing supply or the Organisation of the Petroleum Exporting Countries (Opec) deciding to cut production by 50% – before we see oil prices moving up.
By the time these signs are crystal clear, oil prices have made new highs months ago.
In any case, last week the International Energy Agency (IEA) said that oil prices had bottomed out due to US and other output cuts outside the Middle East-dominated Opec.
The US rig count fell for a 12th straight week last week to a total of 386, its lowest since December 2009 as drillers continue to slash capital expenditure.
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....
Dylan1027
1,113 posts
Posted by Dylan1027 > 2016-03-07 10:47 | Report Abuse
anyway how's the private placement impacted the price?