MVT 0.00% 16.0¢ mercantile investment company ltd

must agree have always said that it doesn't make sense re the...

  1. 219 Posts.
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    must agree

    have always said that it doesn't make sense re the values

    the latest is :-

    aus dollars pre tax 17.91 cents after tax 16.08 cents

    = nz $ 18.00 cents 16.1 cents

    nz market price is 14/14.5 cents

    definitely a bargain in nz.
    so why the obvious discount.??
    1o,000 shares would cost nz $1480 including brokerage. =14.8 cents per share

    the annual report for 30 june is due, the board members have a vested
    interest in our company's success. worth buying and holding with what
    appears to be very little downside.

    what is causing the market's caution ??

    would like to know please
 
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Currently unlisted public company.

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