Australia's largest stock trading and investment forum Australia's #1 stock forum

MRG

Click for more information

0.00%

24.5¢ murray river organics group limited

$1.30 I think is a bridge too far. However, I do hope you are...

First 10 Last

Share
Profile

Follow
19crowe45

1,531 Posts.

230

01/11/17

16:30

Post #: 28405182
Share

Originally posted by Wooshka ↑

The cash take out looked "greedy" in the PDS, hence I stayed away from the IPO. I like the business, but the decision was made to list and the lack of experience in the listed environment means there is visibility over their mistakes.

I have a feeling these guys should have remained unlisted if they wanted to acquire direct property.

Why chew up cash buying land, which takes time to develop, grow and produce positive cash flow. They have a landlord in Arrow Primary Infrastructure and should have used them or another landlord to buy additional property... use operating cash flow to pay rent, not make land acquisitions.

It's a long way back to $1.30, but if experience can be added to management and board, land can be transacted on a sale and leaseback, and management focus on growing, packing and selling, then it is achievable.

Expand

$1.30 I think is a bridge too far. However, I do hope you are correct. Personally I am in @ .44 and when I can take a modest profit I will be heading for the exit. Good luck to all holders.

MRG Price at posting: 44.0¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

BUX

Buxton projects new graphite province discovery at WA Narryer play

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

There are more pages in this discussion • 15 more messages in this thread...

First 10 Last

Add MRG (ASX) to my watchlist