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23.1%

16.0¢ merchant house international limited

Making workboots in America, page-4

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Travis Cloke

175 Posts.

10

06/02/17

12:33

Post #: 22396733
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Originally posted by GPASAS ↑

Hi Travis

I have been a shareholder in Merchant House for 17 years. I don't want to sell because I reckon the shares are worth a lot more than the market price. I did not think I would have to wait this long though Loretta Lee, the chairwoman, is more than 80 years old and she owns 53.4% of the shares. I did not think she would keep running the company for this long.

So many of the Asian companies listed in Australia have been disappointing. Have a look at GLG Corporation (code GLE) and you will see that its share price is much lower than its NTA than MHI. GLG has been profitable every year and has never given shareholders a dividend since 2007. There are a lot of Asian shares that are unfair to the Australian shareholders so we tend to be reluctant to buy them. Still, I have found that Loretta is honest and she won't cheat us. I just don't know what is going to happen when she is gone.

GPASAS

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Thanks for the reply GPSAS. Interesting

Last edited by Travis Cloke: no text 06/02/17

MHI Price at posting: 17.5¢ Sentiment: Buy Disclosure: Not Held
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(20min delay)
Last 16.0¢		Change 0.030(23.1%)		Mkt cap ! $12.25M

Open	High	Low	Value	Volume
13.0¢	16.0¢	13.0¢	$174.0K	1.167M

Buyers (Bids)

No.	Vol.	Price($)
1	22220	15.0¢

Sellers (Offers)

Price($)	Vol.	No.
16.0¢	55241	3

View Market Depth

No.	Vol.	Price($)
1	30000	0.090
0	0	0.000
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.100	317484	1
0.105	60000	1
0.120	50000	1
0.130	141770	2
0.160	28566	1

Last trade - 15.56pm 29/11/2024 (20 minute delay)

MHI (ASX) Chart