MHI 0.00% 16.0¢ merchant house international limited

Ann: Sale of associate company TJ Jiahua, page-5

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  1. 5,540 Posts.
    lightbulb Created with Sketch. 793
    Makes you wonder why on earth would they keep MHI as a listed company? More cash than its market cap
    Its tightly held T20 at 86.5%, with a total of 260 shareholders, the top 100 shareholders probably own close to 100% of company
    Paid 1c dividend in 2021 (20% yield at today's sp)
    There's net asset of $26m but loss making business
    Only 92.4m shares on issue.

    https://hotcopper.com.au/data/attachments/4238/4238837-2a813b2596611f4e4a37a346dc2d745d.jpg


 
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