Oly sheet , DOWN almost 20% and .10 not too far away !@!
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Oly sheet , DOWN almost 20% and .10 not too far away !@!
must be going into administration soon?
There's been just enough water passed under the bridge so that private equity can't be sued for all the porkies they told in the IPO.Quote:
Talk of strong growth in 2017 was the stuff of some fantasy fiction novel, and always has been since the company listed.
People were sold a very ordinary barren (cyclical) mutt riddled with flea's and mange and it was dressed up like a pedigree Beagle who had just won Crufts show dog of the year and we were told it would produce many litters of pedigree puppies. Beagle
Some punters lining up at 38 cents are very "brave" in my opinion.
I always have a investing policy of NOT getting involved in shares once equity funds have gutted and repackaged them , show me one that has gone very well for the poor sods that invested in them.
IMHO these guys would sell their fathers if they knew who he was !!!
To be fair, the 3 guys sold a very well run highly profitable business to Catalyst so good on them.
$355m was what Catalyst paid in 2006 before the GFC when it was all go go go.
https://www.nzherald.co.nz/business/...ectid=10391918
FBU was not disappointed to miss out by 'many, many millions'.
Let's assume FBU was out by $100m - so $255m when FBU was in good condition and robust conditions.
At sp of 40c and with debt of $95m, MPG now has an enterprise value of $170m.
It will be very surprising if FBU is not running a ruler over MPG but no hurry - Viridian is for sale and there's a competitor emerging to put pressure on MPG.
FBU have more than enough problems to deal with already and then some coming down the pipeline.
Wouldn't the new competitor be interested in taking a "look " at MPG ?
.40 looks like the bottom for now !