MEA 1.56% 65.0¢ mcgrath limited

IPO, page-5

  1. 9,666 Posts.
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    well the prospectus was quite clear...

    paid off debt, gave owners some big cash, diluted the existing base, ripped monster div compared to 2014 out, I think the money will pay for some tax for that huge pre ipo divvi, saw things to the effect, "guaranteed loans which are unsecured, zero interest, no fixed repayment" twice, profit actually dipped in 2015, just waiting for it people to get set,

    280Mish was monster expensive imo,,,,simply on its numbers, its business model, def think its wildly overvalued but a monster payday for McGrath...I suppose that now values Breswic Whitney or LJhooker at at 1BLN lol

    Well big agents have just had thier debts paid off, been cashed up to the hilt on by investors, good on him I wish it was me but its not, Ill wait for it to settle, definitely like to build a short against it,,well see
 
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Currently unlisted public company.

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