MHI 23.1% 16.0¢ merchant house international limited

mhi appendix 4e - 31 march 2014, page-2

  1. 839 Posts.
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    Operational trends pretty poor as expected. Revenues up but fall in gross margins and rising costs. The company is worth more dead than alive...You can buy the entire business for almost cash backing...

    What will they do with the $15m cash is the big question? No special div, no buyback..?!?

    I couldn't find significant evidence of property revaluations.

    Opening PPE $9.97m
    Capex $3.64m
    Sale of property -$2.8m
    D&A -$0.95m
    Closing PPE $11.2m
    => implies possible revaluation of +$1.4m

 
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