Is MP1 Megaport Ltd (MP1) presenting value?
MP1 provided a weaker-than-expected quarterly update, mainly due to exchange headwind, and the change in sales channel. The medium/long term outlook of the company still remains intact. Bevan Slattery reduced his holding on MP1 by 1.93% from 7.04% to 5.11%. on 18th March. However, between 18th March to 22nd April, six other major shareholders have increased their holdings on MP1 by 10.97%. Given the support from other major shareholders, do you think that the earnings potential of MP1 Is more delayed rather than reduced and the sharemarket reaction to results were overdone.