MP1 has plunged over 40% in less than 3-moths with the elastic interconnection service provider following tech lower in a magnified manner after delivering a very average 2nd quarter trading update, clearly not good news for a stock priced for growth – quarterly revenue increased 8% which was not enough to appease investors as the company increased their investment spend.
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Buy Hold Sell: The best and worst performers of FY25
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Friday 15th August – Dow off -11pts, SPI up +8pts
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Thursday 14th August – ASX +66pts, WBC, TLS, PME
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MM has no interest in buying the dip in MP1
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