MVT 0.00% 16.0¢ mercantile investment company ltd

The 80s guys are working away like ants 24/7 but the business...

  1. 129 Posts.
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    The 80s guys are working away like ants 24/7 but the business plan I dunno about.
    They buy business after business and now have over 40.
    Many are tiny, even under $100k cap.
    Where are they stopping and when does it become a liability?
    No doubt Ron is guiding them, but any income is hard to find, apart from p/f increase.
    They got into FWD cheaply enough, but FWD looks pretty shaky going forward.
    No doubt the 80s guys have an eye on the NTA.
    As Joe points out they dropped $2.5 in the correction.
    More than MVTs profit.
    POZ is a different call, much more of a gamble.
    Good to see POZ pick up a point or two today.
    The market however must like MVT as there's been no sell off.
    One to watch, maybe.
 
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