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Ann: Daily Share Buy-Back Notice, page-7

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oldtimer2

1,256 Posts.

86

05/09/18

17:38

Post #: 35433241
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Originally posted by oldtimer2 ↑

Its currently my biggest holding, having switched a lot of the money from APT and Hub, the latter being a direct comparison. MGP is comparatively unknown, which I like, but the Linear acquisition has propelled them into the limelight. Linear was run by people with an accounting mindset. They lost money managing $7bn or so. Accountants are arithmetic in their thinking, but managed accounts allow geometric progression of the back office. Hence on that simple thesis I’m expecting lots of synergies, in the millions of dollars. Unless someone buys them out if Don Sharp is ready to semi-retire.

8’m glad to hear that no taxi driver was involved. Now I’m retired, I can’t use that indicator or bellboys (were they named that because they called mkt tops?) because I travel by public transport at $2.50 a day and run up stairs to use up calories.

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Actually 3m or so shares is the sort of top up Investors Mutual might do in one day....they are already substantial so makes sense.

MGP Price at posting: 24.0¢ Sentiment: Buy Disclosure: Held
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