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16.0¢ merchant house international limited

Making workboots in America, page-4

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Travis Cloke

886 Posts.

52

06/02/17

12:33

Post #: 22396733
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Originally posted by GPASAS ↑

Hi Travis

I have been a shareholder in Merchant House for 17 years. I don't want to sell because I reckon the shares are worth a lot more than the market price. I did not think I would have to wait this long though Loretta Lee, the chairwoman, is more than 80 years old and she owns 53.4% of the shares. I did not think she would keep running the company for this long.

So many of the Asian companies listed in Australia have been disappointing. Have a look at GLG Corporation (code GLE) and you will see that its share price is much lower than its NTA than MHI. GLG has been profitable every year and has never given shareholders a dividend since 2007. There are a lot of Asian shares that are unfair to the Australian shareholders so we tend to be reluctant to buy them. Still, I have found that Loretta is honest and she won't cheat us. I just don't know what is going to happen when she is gone.

GPASAS

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Thanks for the reply GPSAS. Interesting

Last edited by Travis Cloke: no text 06/02/17

MHI Price at posting: 17.5¢ Sentiment: Buy Disclosure: Not Held
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(20min delay)
Last 16.0¢		Change 0.000(0.00%)		Mkt cap ! $15.08M

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

Buyers (Bids)

No.	Vol.	Price($)
3	30924	14.0¢

Sellers (Offers)

Price($)	Vol.	No.
16.0¢	61959	1

View Market Depth

No.	Vol.	Price($)
3	30924	0.140
1	199500	0.130
1	150000	0.100
1	16000	0.095
1	200000	0.068

Price($)	Vol.	No.
0.160	61959	1
0.170	15000	1
0.175	28505	1
0.180	33091	1
0.190	973780	1

Last trade - 16.12pm 03/10/2024 (20 minute delay)

MHI (ASX) Chart

Day chart unavailable