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MCP

Chart Forum » Stocks - ASX: short term (strictly TA) » Archive through October 14, 2010 » MCP

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ivor
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Username: ivor

Post Number: 575
Registered: 08-2009

Rating: N/A
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Monday, June 21, 2010 - 12:44 pm:Edit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Hello All

McPherson's (MCP)
Company restructured and demergered last year, and has returned to paying dividends this year (March) and should go ahead under the new structure.

P/E 6.8
PEG 0.6
Estimated Dividend 8% (at present share price)

Chart looks to be forming a double bottom at $2.50 to $2.55 level which indicates an initial target around $3.05 or so.

Regards to all
Ivor



 
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