sell recommendation on map? yeah right BIG PORKIES BEING EXPOSED
Beedee posted on 30/12:
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WESTPAC RECOMMENDATION 30/12/04:
Although MAP has a simple investment strategy it has a complicated operating and financial structure involving trusts and a Bermuda-based company. This financial structure is far from simple and a map should be provided to all those looking at investing in MAP. While the assets MAP has invested in appear of good quality the events of 9/11 have, like it or not, significantly altered the attractiveness of the asset class. We argue that MAP should sell at a substantial discount to asset backing. MAP is therefore not for conservative investors. The distributions are a combination of capital return and unfranked income. There is no tax paid by the entities in which MAP invests which is of some concern should the Australian Tax Commissioner take a different view. We do not like the MAP structure or the financial engineering behind it and recommend Sell and Avoid. Switch to MBL or RCD.
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Psycho posted on 7/1:
Might be time to take profits
Huntleys' Recommendation
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Last Analyst Update: 27/10/2004
Recommendation Switch to MBL or RCD
Last Price 3.17
Market Cap 4,535
Sector Transportation
Rating Outlook
Although MAP has a simple investment strategy it has a complicated operating and financial structure involving trusts and a Bermuda-based company. This financial structure is far from simple and a map should be provided to all those looking at investing in MAP. While the assets MAP has invested in appear of good quality the events of 9/11 have, like it or not, significantly altered the attractiveness of the asset class. We argue that MAP should sell at a substantial discount to asset backing. MAP is therefore not for conservative investors. The distributions are a combination of capital return and unfranked income. There is no tax paid by the entities in which MAP invests which is of some concern should the Australian Tax Commissioner take a different view. We do not like the MAP structure or the financial engineering behind it and recommend Sell and Avoid.
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THE TRUTH IS EXPOSED, THE SELL RECOMMENDATION MAY WELL BE MADE UP
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Last
18.5¢ |
Change
0.010(5.71%) |
Mkt cap ! $82.85M |
Open | High | Low | Value | Volume |
18.5¢ | 18.5¢ | 18.5¢ | $10 | 54 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 25142 | 17.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 27659 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25142 | 0.175 |
5 | 69175 | 0.170 |
1 | 49380 | 0.165 |
3 | 309450 | 0.160 |
2 | 208427 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 27659 | 2 |
0.190 | 537 | 1 |
0.195 | 66500 | 1 |
0.205 | 125000 | 2 |
0.210 | 93500 | 3 |
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