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13.0¢ merchant house international limited

Ann: Dividend/Distribution - MHI, page-4

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usc75

7,026 Posts.

181

02/06/21

15:07

Post #: 53595643
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Originally posted by thriftynifty: ↑

Using capitals is not going to help your down ramping cause!

After expenses and debt the company ended up with around 20 million in cash AUD for the deal.

The companies SOI based on MC divided by price is about 95 million shares.

at 1 cent the dividend payout is 950 K which is only 5 percent of cash held. ZERO CASH???????

If you read back over the last year the co has been very open in communicating with SH regarding conditions and the business in China and made it clear that US growth was the key. NO BIZ???

Sure 1 cent unfranked was a bit small and 2 or 2 and a half would have created more interest but if they can use multiply retained cash through investment the company should rerate quite quickly.

So the next step is to give the co time to progress existing footwear biz and ramp up the textiles operation.

Over to MHI now to get this back on track and paying regular divvies again.

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MHI has NO business!

MHI is paying dividends from sale of business!

MHI is NOW a Cash Box!

So, ASX should thoroughly investigate and, given NO Business, DELIST!

MHI Price at posting: 9.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 13.0¢		Change 0.000(0.00%)		Mkt cap ! $12.25M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	9000	11.0¢

Sellers (Offers)

Price($)	Vol.	No.
13.0¢	33666	2

View Market Depth

No.	Vol.	Price($)
1	9000	0.110
1	100000	0.100
1	16000	0.095
1	20000	0.090
1	10000	0.060

Price($)	Vol.	No.
0.130	33666	2
0.150	978763	3
0.155	13168	1
0.160	61959	1
0.170	15000	1

Last trade - 16.12pm 05/11/2024 (20 minute delay)

MHI (ASX) Chart

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