Is anyone watching this??29 May 2009 15:05
I've been watching this one for a few days and have looked in to the company. The last three months have shown a 75% improvement in share price following the downturn that resulted from a poor trading statement. However, they seem to be relatively stable financially, with a further 1.1bn euros available to them.
Seems to me as and when the turmoil lifts and people start to spend again that the goods that will be bought will need to be packaged which is where MNDI comes in. As economies turn for the better the demand for paper materials must surely strengthen.
Good news today - Credit Suisse amends their rating to neutral from underperforming.
As i am new to this game i would greatly welcome other peoples thoughts on MNDI.