Seems like it's oversold and not that heavily geared to me, so I had a nibble at $1.35 on a ST buy.
Looks to be one of the lower geared infrastructure investments to me.
But it's a little turbulent at the moment due to a low atmospheric pass of the moon of doom. Hopefully it does not break apart in the atmosphere, and can head into orbit of planet profit later this week.
Seems to be being vindictively sold at the moment for some purpose.
Rough, dodgy figures...
Estimated tangible asset to debt gearing of 35%. NB - this is not the official figure, I dont know what that is.
Around 700m liquidish assets, 7500m infra, 2800 debt.
Tangible asset ratio of 165%, subject to devaluation. PE est 4.4.
I am hoping for a close around 1.35
MIG Price at posting:
$1.34 Sentiment: ST Buy Disclosure: Held
