MRY monteray mining group ltd

For those watching MRY closely I work in Superannuation and...

  1. 664 Posts.
    For those watching MRY closely I work in Superannuation and there is definately a need for the software.

    UPSIDE: I know of at least one reasonable sized Super company already using their software. Im sure they will be making some revenue soon.

    DOWNSIDE: I work for an extremely large Super company and we just produced our own software in house.

    I met with the Chief Financial Officer a couple of weeks ago and asked him why he elected to go inhouse rather than using standard packages like GPEN. He said intergrating the standard software packages would be a nightmare compared to producing inhouse and tailoring it to our needs. He said our software provides us with a competitive advantage over companies who use GPEN.

    MRY are one to watch in my opinion for a quick short term hype like gain.

    Dont know if any of you have researched these boys but management have a knack of making money of dud ideas through consolidating share holdings and renaming/reinventing the company. Pity they don't often make money for their average Joe share holders!
 
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