Given that INA makes up 60% of MVT's total portfolio and INA has had a very good run since 30 June it is surprising that MVT share price hasnt tracked upwards.
It will be interesting to watch what MVT does with the INA rights issue. Obviously INA has been very good for them but if they take up the rights issue it will start getting close to 80% in one stock. They would also need to find $3m+ and at balance date they were pretty tight for cash.
Maybe they will take a profit by selling down enough INA to finance the rights ?
I suppose people who like the INA story have being buying the stock directly and will need to finance their own rights call so not much buying of MVT?
Given that INA makes up 60% of MVT's total portfolio and INA has...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)