I don't think it should be underestimated how good this news is. IMHO the US is in serious trouble (especially the $US), meaning it doesn't even mean secure sort of assets that MCW deal with will be safe. That though is another whole debate for another time to the educated here haha. I just hope it holds up until the deals can be finalised.
That been said, this will quite have an impact on earnings, NTA and dist etc. There may possibly be some balance to this in respect to the debt reduction and interest payed. I would expect the annual details due over the next month or so to clarify this.
I think the 3-4c returns maybe in danger going forward so should you be looking to that part of MCW then be aware of it now. A counter to this thought is dist has already been reduced to repay debt over the last 12 months so i look forward to the guidance in this.
In respect to the share price, I don't think the current price is too high even in relation to the last 6 months (some homework on Jesse Livermore may help you on my reasoning on this) and NTA re-rating. It looks like a healthy uptrend has been brewing and now started to happen similar to the end of May, but today's rise is unsustainable (profit taking etc over the next trading day or so). There will be a time to re-enter after this run so don't worry. Good luck holders.
MCW Price at posting:
60.5¢ Sentiment: Hold Disclosure: Held
