pretty good writeup of these two MCK and CDL by Brian Gaynor behind the paywall in BusinessDesk. https://businessdesk.co.nz/article/b...r-listings-but
CDL Investments, which has a sharemarket value of $224 million at its current 80 cents share price, is arguably the most efficient company on the NZX.
It has had 10 consecutive years of profit growth but has only three full-time employees, three board meetings each year and no debt
Millennium & Copthorne has a sharemarket value of $190 million at $1.80 a share, a substantial discount on its December 2019 net asset backing of $4.52 a share.
Way too much history in the article , scouring the past of these two back door listings - some of us will know those names Euro-Nat, Renouf and Ariadne and find it interesting - young folk , not so much.
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