MVT 0.00% 16.0¢ mercantile investment company ltd

niceleesonHave to agree with you on that one. I to am out for...

  1. 1,053 Posts.
    niceleeson

    Have to agree with you on that one. I to am out for the time being until the SP dropps down again.

    MMX seems to be the right place to park cash for now.

    If you look at what MVT has been doing they have been converting very quickly ie profits into cash.

    Once again they will convert MMX soon and create cash again to reinvest.

    I do recall an announcement earlier in the year which created the opportunity to raise capital but it was mainly around Sir Ron or other high net worth investors lending to MVT.

    Notwithstanding I dont believe they will go for a capital raising as they will continue to generate and convert cash reasonably quickly and will not want to try to do things toobig so early in the investmenet cycle.
 
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Currently unlisted public company.

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