They sell a property and everyone assumes the worst...the company must be having difficulty repaying debts. Then the company comes out with an announcement that they are trying to restructure debt in an attempt to take on the characteristics of a LPT. Who do you believe? Well the ANZ has endorsed the MXG version and why not? To get a loan they would have to give the bank a good idea of what is going on. Further more this is a big company ($26 billion) and I am sure they are trying to get into the ASX 200 as one member on this site suggested. Anyway it is trading at 3.25 as I speak...PE 12.6, Bookvale 2.70 pe/growth of .25 (wow). Gearing 30% Hey this company is a bloody beauty! I am really convinced now. LOL
MXG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
