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My guess: MTR (CBEs largest SH) is selling to raise cash again -...

  1. stahkS123
    7 Posts.
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    05/12/22
    17:16
    Post #: 65159796
    My guess: MTR (CBEs largest SH) is selling to raise cash again - their last financial report indicated significant payments due on indebtedness later this month (Dec 22) and (at least at June 30) hardly any cash in bank. They sold down back September (Ann: Sep 30) to cover payments due on debts and they might be at it again. guess we'll find out soon
    MTR HY Accounts below:
    https://hotcopper.com.au/data/attachments/4891/4891379-34851a23f4c1017293369b46b85ce04f.jpg

    Balance Sheet shows they have to sell investments to raise cash to pay debts
    https://hotcopper.com.au/data/attachments/4891/4891383-0db56c246fc831ad83732da7f9621437.jpg


    CBE Price at posting: 21.5¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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