Could be a time limited opportunity here, as once PPT has sold up volume will severely reduce.
Main risk I guess is from breaches of banking covenants. As per last Annual Report - 332 mill in pledged assets; of which 187 mill is intangibles; 107 mill in L/T borrowings.
How much of assets will be written down in FH09 ? What affect will this have on banking covenants ?
Sure, 2H09 and FY10 profits will be down/ nil/ a loss, but at 30c this could be a long term gem, real question for investors is will it survive this recession/ depression - if YES it must be a buy...
...I have soft spot for MCP as this was the first company to start my investing off several years ago, buying in at $1 and riding it to $5 over a few years and receiving big divi's, then selling out. Maybe another opportunity to repeat??
Could be a time limited opportunity here, as once PPT has sold...
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
23.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $33.10M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 5600 | 1 |
View Market Depth
| Last trade - 07.04am 19/06/2025 (20 minute delay) ? |
| MCP (ASX) Chart |
Day chart unavailable