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Community


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Online Share Trading

Engage and learn about markets and trading online

mtn

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Not applicable
what's happening tomorow is it issuing results or what?
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11 REPLIES 11
SimonPB
Valued Contributor
what ..
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I KNOW THERE IS SOMETHING HAPPENING TOMOROW. IS IT ISSSUING RESULT
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mikki
Contributor
Don't shout at Simon.
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SimonPB
Valued Contributor
ho hum .. from their sens of yetserday .. MTN is currently finalising its financial results for the six month period ended 30 June 2010, expected to be announced on Thursday, 19 August 2010.
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What is Simon the Info Hub!
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Sens came out yesterday that profit was expected to be 20% higher or something like that. MTN is a share that often goes up with these types of sens or rumors and drops when the facts / news comes out. I have watched MTN for years and this is the case almost every time.
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snap in this case you were wrong
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Something i picked up from the price movement in MTN is that it's price went counter the market when the alshare moved up. Although i think we are in for a overall decline on the market, MTN is going to hold up and fly to the 140 - 150's levels when closing above 120. ( my opinion)
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agree if 120 breaks it will be the new bottom
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Was just explaining the normal share tendencies. I have traded it like that around 5 times. This time is a bit different with the 120 not being broken in 2 months.
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I am just glad that the MTN board has approved a policy of interim dividend payments
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