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