| Author |
Message |
     peterloh
Member
Username: peterloh
Post Number: 2066
Registered: 03-2003Rating: N/A
Votes: 0
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| | Wednesday, September 27, 2006 - 10:37 pm: |  
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MRL is definitely a recovery stock.Sticking my neck out, I am predicting as sure as the sun rise in the East and set in the West, MRL will continue to rise from its ashes. The trend will continue from here on after a period of consolidation at this level, so just watch this corner.When ever opportunities arise, I shall be adding to the portfolio.
MRL is having a capital return of 20c and there after, a capital reconstruction which will reduce every share from 10 shares to 8 shares.Once this exercise is completed,MRL will resume the distribution of dividends from this year onwards.
The increase in revenue and profitability is on track and tend to be in the upper level of the forecast.With the progress of rolling out new stores and now changing its name to autograph, it will have a new trendy image which will only assist in its growth.
Charts wont give you the above information, but FA and research will.The fundamentals will drive the share price or shall we wait for the TA sentiment to move it!
I called MRL today to inform them that Comsec has a 100% franking on their capital return which is in correct.The company and CFO called me back and checked on what I told them and came back to tell me that I have been correct and they will ask Comsec to correct the error.The vibes are good on the progress of MRL.
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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.
The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.
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peterloh
Member
Username: peterloh
Post Number: 2077
Registered: 03-2003Rating: N/A
Votes: 0
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| | Tuesday, October 03, 2006 - 06:16 pm: |
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Thought I will post chart on MRL.Major resistance being $1.85, there after higher target, all by year's end.
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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.
The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.
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peterloh
Member
Username: peterloh
Post Number: 2123
Registered: 03-2003Rating: N/A
Votes: 0
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| | Friday, November 10, 2006 - 12:13 pm: |
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The new share is called MRLDA Specialty Fashion Store after a change of name.The share has a returned of capital of 20c per share and a reconstruction and consolidation of capital of 10shares into 8.The share has recently been sold down to $1.61 which is great value.I anticipate it will bounce back from here. MRL management announces that it will resume dividends this year.
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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.
The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.
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mrbrown66
Member
Username: mrbrown66
Post Number: 66
Registered: 08-2005Rating: N/A
Votes: 0
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| | Friday, November 10, 2006 - 07:20 pm: |
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Hi Peter,
Just wondering if you think the transition from MRL to MRLDA and the reduction in share numbers had an impact on the price? MRL disappeared from Comsec for a few days, it must have confused others as well who didnt read the announcements carefully.
There is nothing to indicate any negative news other than the interest rates rises, which have very mildly affected other retail stocks in the past week, but a 7% drop is far more than other retail stocks.
I hold
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peterloh
Member
Username: peterloh
Post Number: 2126
Registered: 03-2003Rating: N/A
Votes: 0
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| | Sunday, November 12, 2006 - 11:22 pm: |
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mrbrown,
The drop is certainly worst than the 7%, it is more like 12.5%.Cosequently I have been toping up on MRLDA.
Allowing the day it went ex,MRL was trading $1.88. If we have 10 shares,the total price was $18.80.Allowing the capital return of 20c per share which will reduce the price of the 10 shares to $16.80.The share is then consolidated into 8 shares which is $2.10 per share.
If the share was trading $1.70 before it went up, then the return of capital of 20c will reduce it to $1.50 per share.A consolidation of 10 into 8 will mean the price should be $1.87.At $1.635, MRLDA is discounted about 13%.
Many chartist has lost its way as the charts do not reflect this drop.I anticipate MRLDA will pick up from here, as it is very oversold.
With Best Wishes,
PL
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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.
The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.
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peterloh
Member
Username: peterloh
Post Number: 2128
Registered: 03-2003Rating: N/A
Votes: 0
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| | Monday, November 13, 2006 - 10:05 am: |
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Can anyone tell me what is the new ASX code for Millers?. I thought it is SFG ie Specialty Fashion Group, but comsec wont accept the new code and the old code MRLDA is invalid.
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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.
The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.
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peterloh
Member
Username: peterloh
Post Number: 2129
Registered: 03-2003Rating: N/A
Votes: 0
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| | Monday, November 13, 2006 - 10:10 am: |
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They revert back to MRL till the end of the month. They have dropped off DA because it is no longer a deferred settlement, I think.
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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.
The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.
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peterloh
Member
Username: peterloh
Post Number: 2133
Registered: 03-2003Rating: N/A
Votes: 0
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| | Tuesday, November 14, 2006 - 11:42 am: |
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Just received $23650 capital return from MRL.It is going back to buy more MRL shares.Putting my money where my mouth is.Hope it turns out all right.
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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.
The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.
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mrbrown66
Member
Username: mrbrown66
Post Number: 67
Registered: 08-2005Rating: N/A
Votes: 0
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| | Tuesday, November 14, 2006 - 11:54 am: |
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I topped up yesterday as well.
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peterloh
Member
Username: peterloh
Post Number: 2134
Registered: 03-2003Rating: N/A
Votes: 0
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| | Tuesday, November 14, 2006 - 01:15 pm: |
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mrbrown,
I don't think we made a negative decision in topping up on MRL.
JST dropped was worst at 18% from the top but gradually over 2 weeks all because of .0025 interest rate increase.I sold at about $4, and bought 30Ks at $3.60. Profit like MRL has increased and they also sold their 5% holding in Colorado which mean additional profit. Both are closing non profitable stores and opening profitable new stores which means additional profit and cut losses.These shares growth are not as spectacular as resources but more steady so I anticipate less volatile, the recent retrace opens a window of opportunity for me to get in again and also top up.
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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.
The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.
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peterloh
Member
Username: peterloh
Post Number: 2142
Registered: 03-2003Rating: N/A
Votes: 0
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| | Monday, November 20, 2006 - 09:53 am: |
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MRL appears to be oversold at this level.
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Disclaimer: Please note that comments made in this column is mainly for the interpretation of charts in technical analysis. It is not made in my professional capacity and should not be taken as advice.In my professional capacity I am only allowed to give advice on certain managed funds authorised by my license dealer.Any share discuss is for general interest and should not be relied on to make an investment decision.It is likely that I may own the shares that we discussed as a trade or as an investment. Please consult your stock broker or financial adviser in regard to your personal situation.
The views expressed here contain information derived from public available sources that has not been independently verified.No representation or warranty is made as to the accuracy, completeness or reliability of the information.Any forward looking information in this representation has been prepared on the basis of a number of assumptions which may prove to be incorrect.It should not be relied upon as a recommendation or forecast by the writer.
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peterloh
Member
Username: peterloh
Post Number: 2143
Registered: 03-2003Rating: N/A
Votes: 0
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| | Monday, November 20, 2006 - 10:49 am: | | |
