Toby and Co10 Jul 2019 08:41
Our current valuation is really as a result of legacy issues that are rapidly becoming a thing of the past.Operationaly the business is performing very well but MMX is under the radar..with very little interest in the shares and low volume selling having a disproportionate impact.I do actually dislike the fact that management are passive in thi area ,relying only on operational progress to shine through..that takes time as we have seen.I expect an update soon that will probably include recent premium sales activity and possibly news on the uptake of the new blocking convention.Both these items I expect to provide additional evidence ,over and above normal trading that the business is in rude health.Markets almost always lag the reality ,so as SJL once said..We need to perform in every quarter,pumping out increasing profitability and eventually this will come good for investors.Its a lengthy process for sure and in the meantime we are an attractive target in a consolidating market.Frustration management is the lot of the MMX investor at the moment..atb