Mountcastle made 1.6m profit in the latest half year, which includes only 3 months of their LW Reid acquisition. On an annualised basis, the profit should easily be 2m+. Gearing should still be fairly reasonable on Mountcastle because afaik they started off with little/no debt before the Reid purchase.
I don't care if the other 4 businesses are insolvent. Dispose of them, pay whatever wind up costs are involved if there no buyers, and just focus on Mountcastle. You can't tell me a business making $2m+ a year is worth <$20m in market value.
the $2m head office costs can probably come down quite a bit imo, and the new chairman will probably see to that.
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Mountcastle made 1.6m profit in the latest half year, which...
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34.5¢ |
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1 | 10000 | 0.310 |
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Price($) | Vol. | No. |
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