sp can drop to 65 after next thursday's AGM if no progress made of getting off a lot of the assets purchased recently from its balance sheet.
Despite what MBL says that it is not wary of competitors, there is a greater risk that prices paid for new assets are too high -lower returns esp with rising bond yields.
Business model is being copied by a lot of new infrastructure funds.
Think that target price of 98 in 12 mths looks very optimistic, more likely $75-$80
MBL Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
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