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1.IPO results, 1.Market Observations

24 Jan 2017 (AFR) – No end in sight to low listings: McGrath CEO

(24 January 2017, AFR, p32, by Larry Schlesinger)

‘Shares in struggling real estate group McGrath fell more than 17 per cent on Monday morning to just 71¢ – a third of their IPO value – after the company said low real estate listings and a loss of more than 10 per cent of its in-house sales agents meant it would not achieve the full-year earnings forecast by analysts Bell Potter.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

MEA - weekly candlestick price chart

MEA – weekly candlestick price chart (Source: Robert Brain)

 

 

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About robertbrain

Brainy's Share Market Toolbox. Read the honest truth about the sharemarket. Develop or fine tune your investing/trading strategies using share price charts (technical analysis), or learn about the investment strategies of others. Melbourne (Australia) based - supporting share market investors and traders to build wealth through smarter investing using my Share Market Toolbox arsenal of weapons to tackle the market.

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