The funds management business is worth a big fat zero. CIY were interested until the whole mess unraveled itself and they realised that the books were cooked. MFS has clearly been lying to the market, if they were in the financial position they had declared themselves to be in, why would all the events of the past few weeks have happened? They wouldnt be selling off assets like they were Michael Jackson, they wouldnt be in suspense for 2+ weeks and counting. So clearly they havent been upfront with the market and their books look totally different to what they have been saying.
Besides all this, who the hell would put money in a fund run by MFS now? I certainly wouldnt. Its bad enough that Im stuck as a shareholder
MFS
mfs limited
