recent ann says recently updated nta is 25c per share - these numbers are on fully discounted asset values. they have been selling the business components for the assessed values to date. on this basis there is no reason (short of systemic failure) to think MFI is not in the process of raising 20c + a share to return to holders. current share price is 2.5c.
MFI is potentially an 8 bagger within 6 months, but in this climate nobody cares. I'm happily holding over a million, and looking forward to my chq in the post in due course.
MFI Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
