Mercantile Investments - MVT. (BIL revisited)

[Jantar]

I see Sir Ron's Australian company, Mercantile, has now listed on the NZX. Currently trading at $0.17. From what I've read Ron is building this company in the same model as the origional BIL, and that was a very successfull model.

With BIL, it was when the more traditional directors, like Cushing, were brought in that the company started to lose direction. Will be intesting to follow this one and see what happens.

I should note that it was profit from BIL shares that allowed me to buy my first colour TV, then my first new car.

[Lola]

I see Sir Ron's Australian company, Mercantile, has now listed on the NZX. Currently trading at $0.17. From what I've read Ron is building this company in the same model as the origional BIL, and that was a very successfull model.

With BIL, it was when the more traditional directors, like Cushing, were brought in that the company started to lose direction. Will be intesting to follow this one and see what happens.

I should note that it was profit from BIL shares that allowed me to buy my first colour TV, then my first new car.

(oops, spelling mistake in the title, could a mod please correct that to "Mercantile" thanks.)

Interesting...I bet the new car and the new TV are both stuffed now just like BIL, IEL, IEP , GPG etc etc

[Crackity]

Interesting...I bet the new car and the new TV are both stuffed now just like BIL, IEL, IEP , GPG etc etc

Come on Lola be fair - only 2 are stuffed the other 2 are just heavily depreciated....

[janner]

Interesting...I bet the new car and the new TV are both stuffed now just like BIL, IEL, IEP , GPG etc etc

:-))))))))))))))))))

[Jantar]

Interesting...I bet the new car and the new TV are both stuffed now just like BIL, IEL, IEP , GPG etc etc

Too true. The TV lasted longer than the car.

[777]

My house is still standing and I paid cash for it from all the above plus TKM.

[Crackity]

My house is still standing and I paid cash for it from all the above plus TKM.

A friend of mine has a similar story with Bond Corp - you did well to get out at the right time 777! - So going to go for the Bach with MVT?

[777]

A friend of mine has a similar story with Bond Corp - you did well to get out at the right time 777! - So going to go for the Bach with MVT?

Tempted....

[whatsup]

Don't know why interested "punters/investors" in MVT didn't buy them on the ASX when Ron showed interest 2 years ago there at sub .10 !! , will the recent history destroy investors hard earned on this pup once again or will the management load up with millions of options ?

[Crackity]

Don't know why interested "punters/investors" in MVT didn't buy them on the ASX when Ron showed interest 2 years ago there at sub .10 !! , will the recent history destroy investors hard earned on this pup once again or will the management load up with millions of options ?

And will there be a 1.10 bonus issue followed by a 1.10 cash issue? LOL

[kiwidollabill]

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?

[percy]

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.

[stoploss]

Warren Buffet has a succession plan does Ron ? Something to consider ........

[kiwidollabill]

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.

Thanks for that and appreciate you response, that clears alot up. I did see the INA holding and have been taking a look over it all.

Interesting reading, unsure about buying though.

[percy]

Thanks for that and appreciate you response, that clears alot up. I did see the INA holding and have been taking a look over it all.

Interesting reading, unsure about buying though.

I used to hold INA.Brought in on KW's advice at about 7.5cents and sold out some time ago over 40 cents.I am not keen to buy back in, as the sp appears to have stalled.Possibly too many capital raisings.
MVT.I will leave for others.