MEA 1.56% 65.0¢ mcgrath limited

Ann: Trading Halt-MEA.AX, page-3

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  1. 9,666 Posts.
    lightbulb Created with Sketch. 218
    If they were beating forecasts they would be crowing about it I suppose.

    Wonder what was said at the time, yeah yeah we will sell our clients into your business, but it will cost 10M...

    Contracted workforce
    More shares coming on issue as they give them to agents who have no loyalty to anyone as they are paid commission, future dilution
    12 month management agreements valued as if they were long term annuities
    Very low barrier to entry, highly competitive market place

    Stocks spilt, then more issued before float, sold to public, money used to pay off debt, buy large part of existing business - but fully explained, disclaimed, was a sweet deal for Mr Mcgrath and the boys imo

    Big retail broker still valuing it at 2.25? BAHAHAHa

    Its a business, good brand, but I don't given the barriers to entry, the contracted workforce think its worth 174M. Estimated commissions are also unrealistic IMO.
 
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