MFI
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0.00% 1.1¢ mariner financial limited

I had a look and now know why they are trading at a pennyThe...

  1. nk
    3,097 Posts.
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    17/12/08
    16:12
    Post #: 4616123
    I had a look and now know why they are trading at a penny

    The 1770 JV was valued at $10million but they just sold for $3.7m ? So that means they lost another bundle?

    The only other asset is the Goulburn J/V listed at around $10m plus some loans

    I bought in at a penny, it may be worth 2 or 3
    MFI Price at posting: 0.8¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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