This stock has no credibility in the market what, so ever . It had an asset value of over $1-20 and it traded at $1 after 15 months trading . They crowed about the fact they paid 1 cent in dividend . Management is pathetic, it it should be delisted & liquidated as they haven't a clue. It is a environmental stock & they were buying a cement maker in India . Cement manufacture contributes some 3 percent to global greenhouse emissions . they also bought software games manufacturer in Japan WTF . .The manager showed a disinterest in the option being exercised - it represented over 40 million dollars to MEC. Whilst I discussed it with him , he signalled to his co-worker & excused himself & walked away mid conversation & called me a pessimist because I raised the issue of the underperforming share-price . Had I known it had anything to do with Macquarie Bank I would have avoided it like the plaque .It significantly focusses on Japan , which he claims to have a good understanding of . Japan has been a shocker investment destination for long periods . Probably the most infuriating thing is the manager received a performance fee when the price went up & of course kept it when the price went down This is an Macquarie trick from MIG Macquarie Infrastructure Group days . As the stock , miraculously goes up they get a fee , then it goes down , then goes up & they get another fee. In this way they build a perpetual money making machine .
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- Ann: NTA at 22.11.18 Pre-tax 1.0884 Post-tax 1.0830
This stock has no credibility in the market what, so ever . It...
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Last
98.0¢ |
Change
-0.030(2.97%) |
Mkt cap ! $37.24M |
Open | High | Low | Value | Volume |
99.5¢ | 99.5¢ | 98.0¢ | $88.73K | 89.88K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 22933 | 98.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
99.0¢ | 14937 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 22933 | 0.980 |
1 | 1030 | 0.970 |
1 | 4000 | 0.960 |
1 | 1052 | 0.950 |
1 | 7000 | 0.940 |
Price($) | Vol. | No. |
---|---|---|
1.020 | 25000 | 1 |
1.030 | 12340 | 2 |
1.060 | 1920 | 1 |
1.225 | 417 | 1 |
0.000 | 0 | 0 |
Last trade - 15.34pm 21/08/2024 (20 minute delay) ? |
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MEC (ASX) Chart |