MGC 0.00% 43.0¢ mg unit trust

Farmers depend on the FGMP for income, investors don't. I will...

  1. 12,193 Posts.
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    Farmers depend on the FGMP for income, investors don't. I will back the farmers on this one but agree that the investors got sold something at a value way over what it should have been - too much financial engineering by those that advised MG-Devondale and too much greed by those in MG-Devondale. For investors caveat emptor, the farmers dont have that privilege.

    If it was a simple as you say then MG-Devondale can buy back the units at issue price (or something less) using a debt instrument, they have the provision and the cost of funds right now is at an all time low.

    Suppliers to a processors should not wear the burden of cost of the processors decision.
 
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