It may be the case that we are jumping the gun as far as the idea of bottom fishing shares of MySale currently. But it can be seen how even though in the recent past there have been some false dawns in terms of the attempts by the shares to rehabilitate themselves, it may be that even if this is not a sustained rebound for MySale there will be enough upside to allow short-term traders to benefit.
MySale Group (MYSL), which has established, online flash retail sales sites in Australia, New Zealand and South-East Asia and an expanding international presence has announced a first set of results (for its year ended 30th June 2014) since its far from smooth IPO in the same month. Do these suggest smoother progress now?
The IPO of MySale Group (MYSL) has not been the return to the stock market Sir Philip Green would have hoped for – the shares hitting a low of £1.66 and closing their first day of trading on AIM down more than 7% at £2.10 after the company had to clarify that its “trading currency is currently in GBP, as opposed to British pence as intended. The quote will be changed to British pence tomorrow Tuesday 17 June 8am”. The following reviews a company a Green investment vehicle took a 25% stake in in May.
