If they did research it was wrong.... its not making money and I doubt it will make as much money as TASSAL and I can't imagine it paying much of a dividend with about 665 million shares on the issue would need to be a net profit of $10 million. Cannot see it as seafood is a competitive business and fish farming is worse imo
I 'd say there might be another speculative reason they purchased. There are no fundamentals in MCA and I predict a new CR in a couple years time. They have too many staff to pay and delivering stock will be expensive so most sales might be at a loss. Tell me I'm wrong. How did Credit Suisse Holdings (Australia) Limited decide it might be a could buy? Staff should try hard to prove me wrong...lol My opinion DYOR
MCA Price at posting:
20.0¢ Sentiment: None Disclosure: Not Held
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