MVT mercantile investment company ltd

this is being chased hard - smart money or dumb money?Net assets...

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    this is being chased hard - smart money or dumb money?

    Net assets are a touch over 8c and the placement only 3 weeks ago at 8c, so why for what amounts to an investment holding company is this trading at a 62% premium to NTA?
 
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Currently unlisted public company.

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