Thursday, 16 July 2015

GMG GLOBAL - SEEING VALUE IN ITS AFTER SHARE CONSOLIDATION ERRODING SHAREHOLDER VALUES

 
The 20cents MTP set by SGX really ERODE SHAREHOLDER VALUES. Before Share Consolidation, it was trading near 70cents. After 2 months trading in Consolidation mode, GMG has eroded 33.5% in SHAREHOLDER wealth. Coming months, we see GMG bottoming at $0.465 and ready for a pick-up in the next few weeks. A successful break above $0.50 would take it forward towards the $0.60-$0.70 RANGE. Stop LOSS place at $0.47
 
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