Just looked at ASX:MVT, can someone educate me at what the hell happened in late 2010? Did they have massive write down, or dilute the stock pool?
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Just looked at ASX:MVT, can someone educate me at what the hell happened in late 2010? Did they have massive write down, or dilute the stock pool?
Go to www.stocknessmonster.com
type in MVT,then news,then go to right hand side and hit 2010,and that years news comes up/
You will see they returned 90% of the NTA to shareholders with a return of capital.
I think then Sir Ron really brought it as a backdoor listing,then backed his holdings into it.
It is interesting to note MVT's largest holding is INA.There is an INA thread on the ASX section here on sharetrader,so you can read up on it.They are buying holiday parks,and putting on relocatable houses for retirees.Simon Owen ran the very successful retirement village operator Aveum for a number of years.
Warren Buffet has a succession plan does Ron ? Something to consider ........
Well Danny boy keeps the Wisse Ariadne link strong,Gary's son,brother?Is he Sir Ron's god-son?
Still holding some of Gary's cousin's [Peter Wise] TAG,another serial under performer where directors have never suffered too many hardships.!!