Magni partnered with Nike for years (apple term for sports apparel). I dont think ESG would be an issue. Lockdown n poor quarter is probably why. Company is net cash. So just sit tight and topup bit by bit. That said near term sentiments are poor generally. Expect to reach 1.8ish.
Casino royale money is back to Magni! Magni is deeply undervalued, a diamond not to miss at the moment! World Cup 2022 is coming up, expected high football jersey demand, earning in the form of USD, of course the highlight of cash per share 0.91… hence, personally believe management will give out high dividends payout in December 2022… Cheers!
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....
CakapSohaiThings
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Posted by CakapSohaiThings > 2021-11-24 11:01 | Report Abuse
@valuewood11 broke support, no catalyst to push it higher.
Personally, I will try to collect at 1.6 and/or 1.5. Else, just buy stocks that will benefit from the upcoming interest rate hike (catalyst).