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Do people forsee the price staying around this value until consolidation? I am wary what consolidation will do to the SP in the short term...
It would have been nice if it went down to 1.3 but I could see that it was holding at this price. It should be a no brainer for the medium to long term. I mean Songbird owns some serious real estate in the city of london. Anyone know when consolodation will occur and what the ratio will be?
I was planning to invest in OPM monday morning but am now seriously considering this share. The price seems incredibly cheap, and regardless of the OO and placing, this company owns 60% of some of the best and most well known real estate in the city of london. Also this placing should do well toward clearing their debts. Seems like a decent medium term investment... Any comments regarding my assement?
anyone know when this data will be released?
Heading in the right direction...
I jumped the CFM boat today too. I am interested in this company, roll on next week. I may have a cheeky punt...
I bought into NTG at 21p (a little expensive IMO) because of a tip. Looking good! Hope it gains as much as possible before consolidation. Does anyone know for a fact that the consolidation will be 10:1 and not something less?
MMs seem unwilling to let the price slip further...
IMO, The worst thing MCI could do is retreat back to Ireland, offloading its ,most productive assets. The building industry in Ireland is in deep trouble. Believe me, I live here and see the vacant housing estates and teams of unemployed builders waiting for some work on the roadside. In the UK, the population is much higher and there is still a demand for housing. Just my opinion.
Read their annual report to see how much money they Havent got in the bank ;) I still want to take a punt with them, but I dont think the SP will do much for a while. Maybe jump again before the EGM before sinking. Problem is that Ireland and Spain are both in the doldrums for the forseeable future (spain has 18% unemployment partly due to the fall af the property market). The UK is picking up, but MCI has plenty of competition there, it will be a hard fight IMO.
I live in Ireland (West Clare to be precise). I actually want to buy a MCI home because they have a development in my town, thats what drew my interest to MCI. I actually like the design of their homes, and unlike many Irish developers, the quality of the build is quite good. But, Ireland is in deep trouble. It just doesent have the clout of the rest of europe financially, its a small country whose economy was partly an illusion driven by the property boom. It will take probably an extra year or two before the economy picks up, there is now a surplus of houses in Ireland, unlike the UK where this still demand. This is because planning approval was granted much more in Ireland due to relaxed planning laws. I still think this is a good buy, they are a reputable company. But given these results, I wont be panic buying any shares for a few weeks and I will instead focus on shares more likely to jump soon such as AST and YELL
The August Interim report is out and its not good news. Dont think there was anything positive about it, thimgs are expected to stay bad for the forseeable future. I am just glad I didnt panic buy when the SP jumped 40% last week. http://www.mcinerneyholdings.eu/investors/news_events/
In My Opinion
The SP will retrace a bit to around 20 IMO. I wont miss the opportunity again. I just need to free up some cash!!
Dont know where Ireland will get the funding from. Ireland is totally skint.
Does this mean the SP will jump more once the results are released? Is it worth waiting for a retrace?
I am crawling up the wall with frustration because I had the opportunity to buy a few days ago at 14p and decided not to...
This is proving my most reliable share. Bought in at 2:20 and have more than doubled my money... Just wish I had bought more.