MCG macquarie communications infrastructure group

The most interesting thing about the announcement was that there...

  1. sicole
    136 Posts.
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    22/08/08
    16:16
    Post #: 4137956

    The most interesting thing about the announcement was that there was no mention of the return realised by MCG. My calc is theconsortium paid 1.425b, MCG got ~28% for what I estimate 408m - its being sold for 363m = a 45m loss (12%) in twelve months. And this is the price for a tame sale to an unlisted MQG fund.

    The market is in no mood for asset writedowns - probably imputing the implications of this across the rest of MCG's portfolio.
    MCG Price at posting: 0.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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