-
Originally Posted by percy
There was some discussion about MCK, on thread 2017Stock Picking Contest,page 2, posts #19 to #24 and post #28.
Thanks, i,d missed that .
-
Junior Member
Recently bought a rather small amount at $2.70. Should be a good year.
-
I notice that it's selling way below NTA. Is that because people don't believe the business is good enough to realise a profit relative to the value of assets with no likelihood of anyone buying to strip?
-
Originally Posted by Lewylewylewy
I notice that it's selling way below NTA. Is that because people don't believe the business is good enough to realise a profit relative to the value of assets with no likelihood of anyone buying to strip?
I think you will find it is too tightly controlled for any take over,so maybe it comes down to earnings.
-
Originally Posted by percy
I think you will find it is too tightly controlled for any take over,so maybe it comes down to earnings.
I've often thought about this. What are the chances of the majority owner deciding to buy out minorities at some stage - or is there some advantage in retaining NZX listing?
-
The NZ listing
Originally Posted by macduffy
I've often thought about this. What are the chances of the majority owner deciding to buy out minorities at some stage - or is there some advantage in retaining NZX listing?
The NZX listing gives the advantage of having the market set the value of share price.
It is also easier to raise capital or to borrow, if the company is listed.
The problem for us shareholders, is whether the controlling shareholders will share the spoils with us.
-
Yes, valid reasons, percy, although I would think that the parent company - and its ultimate parent, the Hong Leong group - would be able to borrow more cheaply than MCK. Current borrowings from the parent are shown at 2.27%, admittedly for a relatively modest $5.8m.
-
Any one wanting to find out a bit more about MCK should go to www.nzx.com then type in MCK and read their overview, before going to announcements and reading MCK's interim report.
Of interest to us will be MCK's full year result which is due late February.
Last edited by percy; 29-01-2017 at 09:30 AM.
-
I like uptrends ...
Yes, it is a very tightly hold stock with a Chinese majority owner. Low liquidity and all these things, but still - isn't this uptrend chart a beauty? Based on last years profits it still looks reasonable priced (PE 10), but than - yes, it has a tendency to trade at much lower PE's ...
MCK.JPG
Discl:
holding (a small parcel);
Last edited by BlackPeter; 30-01-2017 at 01:32 PM.
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
-
Great Shape
Originally Posted by BlackPeter
Yes, it is a very tightly hold stock with a Chinese majority owner. Low liquidity and all these things, but still - isn't this uptrend chart a beauty? Based on last years profits it still looks reasonable priced (PE 10), but than - yes, it has a tendency to trade at much lower PE's ...
MCK.JPG
Discl:
holding (a small parcel);
My favourite shape "left hand site of Rangitoto"
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks