MVT
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0.00% 16.0¢ mercantile investment company ltd

Ann: Net Tangible Asset (NTA) Value as at 31 December 2014, page-6

  1. kingston67
    191 Posts.
    lightbulb Created with Sketch. 9
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    22/03/15
    12:18
    Post #: 14957462
    Cannot remember how much they had in Joyce Corporation (JYC) but looks like they will double their money with the share price rise after the property sale. Even at the higher share price they should get a 10% FF div for the next 3 years. Good example of identifying an undervalued share and having the patience to see it through.
    MVT Price at posting: 12.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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