Crazypunter, why have you chosen to concentrate on MTU's share...

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Roy2U

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08/10/15

19:57

Post #: 16140971
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Originally posted by crazypunter ↑

yes that is true in part ,Ormond, but i sold out of TGA long ago ,before losing any appreciable amount, only to buy back in at the bargain price of $2.
you see, i am allergic to losing money, but i can"t resist genuine bargains.
that is why i have already made the real dough on the VOC/MTU merger.

what i seem to be unable to grasp is why was the sp of MTU after the FY and before ex div. at mid $8"s.
surely you must realize that VOC is buying a "sponge".
but then you say, if we combine the two we will have a more streamlined overall effect in cost savings.
what a load of garbage-just the logistical costs to get this merger operational will be a lot more than any possible, touted savings.
what it means is this- slowly , but surely, VOC holders will realize that they are on a losing wicket.
ok, we have MTU worth on its own $8.50 before the merger. but since, they pay a divvy and that grossed up brings the sp down to about $8.30.
so that means that VOC theoretically decline to $8.30/1.625 which equals an sp of $5.10.
you can all whistle dixie about this, but facts do not lie and burying your head in the sand by trying to say that you have a long term winner is probably why the share market works so well in the first place- for every winner you have a loser willing to part with their hard earned.

and that is when i, the guru, takes center stage

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Crazypunter, why have you chosen to concentrate on MTU's share price for less than the last two months, and ignore the price being between $10 and $11.79 for over four months just prior. Share prices often fluctuate like this on no change in the company's outlook. It makes me wonder about your motives in posting on this thread. MTU deserves respect based on their past performance alone. Far from being a sponge as you say, MTU has doubled EPS in less than four years, and has guided for 30-35% NPAT increase in FY16. It's return on equity leaves VOC for dead at around 36%. So please, crazypunter, some facts with your views please. VOC is a great company in need of a partner, but so is MTU.

MTU Price at posting: $9.50 Sentiment: Buy Disclosure: Held
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