MIG a.c.n. 059 457 279 limited

Listened to Steve Allen's speech .Rock solid investment .Problem...

  1. 1,135 Posts.
    Listened to Steve Allen's speech .Rock solid investment .Problem is it is subject to strong Australian dollar due to recent significant apprecion of it & fact that assetts are 95 per cent denominated overseas .MIG therefore will rise again when $A falls .Debt is not an issue because it has been reduced & the first quater of it isn't due for refinancing for 4 years, and another half not due for about another 8 years . I think they are claiming 4-19 NTA currently & buyback has been extended & still another 316 million to go .Conclusion , no risk whatso ever with this very boring stable investment which has been effected by rise in AUD & just completed 20 cent dividend .Presently great buying for the super funds, who can cherry pick private investors at the moment .Relax!
 
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Currently unlisted public company.

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