MHI 0.00% 14.0¢ merchant house international limited

Ann: Reinstatement to Official Quotation, page-3

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  1. 39 Posts.
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    Lets see how we go today thriftynifty. My opinion is an upward trajectory, but DYOR. My 2 cents:
    - They have cut their losses and are cash rich at the moment ($15m-$20m). Its always a good position to be in. Lot of potential for acquisition/s, new collaborations, investing in innovative supply chains, targeting new markets etc. A good management can invest such levels of cash and make it 10x, 20x....
    - The company has been around for a long time. In all probability, they will prevail and give good value to the investors.
    - We might see a bit of panic selling this morning, but fundamentally the SP will go up in the long term.
    - The recent drama is just related to routine asx paperwork and providing clarifications about the sale of the asset.

    Last edited by Rewa: 05/05/21
 
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