ina up today, page-2

INA is a very positive story and Sir Ron and MVT got in at the ground floor and are very well placed. The deal announced today and the earlier deal about INA's New York assets removes overseas distractions, wipes out debt and leaves them with cash worth more than half INA's market capitalisation. Combine all that with a strong growth pipeline of existing assets leaves INA well placed. Even after todays rise the share price is still at a 40% discount to NTA so the MVT investment should still have a lot of upside to it.

Also see them go to war on MMX. A number of people saw 5.5c a share value and were shocked with ongoing costs and windup costs between now and March reducing this to 4c. Good to see Sir Ron give management some old fashion curry !

One thing with MVT is they get into a lot of interesting situations!