MCP mcpherson's limited
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Hi Ocker, They must have read your post :) 1H below expectations...

  1. JID
    3,679 Posts.
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    02/02/15
    10:40
    Post #: 14680729
    Hi Ocker,

    They must have read your post

    1H below expectations but still, based on SP more than factored in. Still optimistic about 2H but then they always are.

    Like you I am concerned about the looming commodity-driven recession that Australia is facing and the falling AUD. Their consumables business should weather this but the bigger ticket items may suffer (ovens, etc).

    At least it looks like debt will remain cheap and abundant (as MCP has a lot of it!).

    Cheers
    John
    MCP Price at posting: $1.20 Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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