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Thread: MVN Methven

  1. #451
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    More money for that Sistema guy, lol. Good on 'em.

  2. #452
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    very strange purchase for a company that hasn't exactly set itself on fire imo .

    IMO $110 million purchase for a company that is going where , offshore, to expand !
    Last edited by whatsup; 14-12-2018 at 10:25 AM.

  3. #453
    percy
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    Quote Originally Posted by winner69 View Post
    Amazing return for those who jumped on board below 110 in August after that last results announcement


    Shane to see them leave the bourse ....always good reading their presentations even with a lot of derision


    Percy me old mate .....Who would have thought that one would get such a windfall from such a dog company in such a short time.


    Lesson to all .....one should not always be led by past perceptions and totally reject investing/speculating on dog stocks. Sometimes tigers can change their stripes or whatever the saying is


    Good stuff as another old NZX stock leaves ....Mercer next ha ha
    Funny enough I was looking at MVN yesterday and thought the sp was looking very weak.
    Same thing happened last year with OIC.
    Just when I have my doubts,out of the blue another takeover comes along.l
    Lucky.?

    Mercer,well no.

  4. #454
    percy
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    Sold my MVN today....Most probably add to my HGH.

  5. #455
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    Nice to have a sudden burst of green to counter the recent continuous drip of red.

    Makes today worth waking up for.
    om mani peme hum

  6. #456
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    Not bad going for 6 weeks' investment. Nice change indeed

  7. #457
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    Quote Originally Posted by percy View Post
    Sold my MVN today....Most probably add to my HGH.
    If I needed the cash for a better opportunity I would join you in selling, but I'm finding it difficult to find any good stories on the NZX (in this current market) to justify selling just yet.

    8.5% for holding for a few more months is a better return than the bank.

  8. #458
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    Quote Originally Posted by McGinty View Post
    If I needed the cash for a better opportunity I would join you in selling, but I'm finding it difficult to find any good stories on the NZX (in this current market) to justify selling just yet.

    8.5% for holding for a few more months is a better return than the bank.
    The following words in the announcement gave me cause for concen,as they have held up the coolstores sale by SCL, and the seed division sale of PGW;
    "the NZ Overseas investment Office."
    I believe a quick result takes a least several months.
    Exchanging one MVN share for one HGH share appeals to me.HGH's half year result is due early February, and I am expecting it will be solid,with a fully imputated dividend payable 1st April..Swapping one low conviction share for one high conviction share.

    ps.Helps to keep my average buy in price for HGH around $1.00....lol.
    Last edited by percy; 15-12-2018 at 06:24 AM.

  9. #459
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    Quote Originally Posted by McGinty View Post
    If I needed the cash for a better opportunity I would join you in selling, but I'm finding it difficult to find any good stories on the NZX (in this current market) to justify selling just yet.

    8.5% for holding for a few more months is a better return than the bank.
    I agree with you McGinty, not only holding a few months will pay you an extra 8.5% on todays closing price if this present offer goes ahead but there is also a chance of an improved future offer.

    I think MVN has changed for the better, it has a new building it operates in and increased efficiencies which are only starting to show now.
    MVN also has a very energetic management team.
    I talked to the operational manager at the last AGM, he said that he could triple production with adding only a few employees and no extra factory space.
    I will be sorry to see it leave in NZX before it can show it's potential.

  10. #460
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    [QUOTE=percy;741273]The following words in the announcement gave me cause for concen,as they have held up the coolstores sale by SCL, and the seed division sale of PGW;
    "the NZ Overseas investment Office."
    I believe a quick result takes a least several months.

    Must be a record.OIO has approved the sale.

  11. #461
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    [QUOTE=percy;749046]
    Quote Originally Posted by percy View Post
    The following words in the announcement gave me cause for concen,as they have held up the coolstores sale by SCL, and the seed division sale of PGW;
    "the NZ Overseas investment Office."
    I believe a quick result takes a least several months.

    Must be a record.OIO has approved the sale.
    I would have preferred if OIO would have declined this time.
    Just when the company is turned around its likely to disappear from the NZX.

  12. #462
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    [QUOTE=forest;749051]
    Quote Originally Posted by percy View Post

    I would have preferred if OIO would have declined this time.
    Just when the company is turned around its likely to disappear from the NZX.
    For this reason I voted against the scheme of arrangement. They were just starting to crack Asia and potentially have many years of growth ahead.

    Any thoughts on the purchaser, GWA? Thinking of buying some of them as a replacement. BAPCOR did well after buying out Hellaby.

  13. #463
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    Had a phone call from Australia this evening wanting to know if I'd received communication containing all the information on the proposal and telling me that the directors are voting for the proposal. When I said I'd received it and had already voted on line the lady asked if I would say which way I voted. I said, you can ask, but I'm not saying......

  14. #464
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    Quote Originally Posted by Grimy View Post
    Had a phone call from Australia this evening wanting to know if I'd received communication containing all the information on the proposal and telling me that the directors are voting for the proposal. When I said I'd received it and had already voted on line the lady asked if I would say which way I voted. I said, you can ask, but I'm not saying......
    Mm, interesting what was the reason for the call you think?

  15. #465
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    A good old nudge to make sure everyone is going to vote-and obviously for the proposal. I recall being approached once before in a similar manner, to make sure I was voting on something - can't remember which company that was though.

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