sharetrader
Page 3 of 46 FirstFirst 123456713 ... LastLast
Results 21 to 30 of 454
  1. #21
    Junior Member
    Join Date
    Sep 2016
    Location
    Wellington
    Posts
    24

    Default

    Recently bought a rather small amount at $2.70. Should be a good year.

  2. #22
    Senior Member
    Join Date
    Jul 2015
    Location
    Auckland
    Posts
    956

    Default

    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?

  3. #23
    Senior Member
    Join Date
    Mar 2014
    Posts
    540

    Default

    Quote Originally Posted by percy View Post
    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 .

  4. #24
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,221

    Default

    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 08:30 AM.

  5. #25
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,221

    Default

    Quote Originally Posted by Lewylewylewy View Post
    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.

  6. #26
    Veteran novice
    Join Date
    Jun 2007
    Location
    , , .
    Posts
    7,289

    Default

    Quote Originally Posted by percy View Post
    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?

  7. #27
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,221

    Default

    The NZ listing
    Quote Originally Posted by macduffy View Post
    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.

  8. #28
    Veteran novice
    Join Date
    Jun 2007
    Location
    , , .
    Posts
    7,289

    Default

    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.

  9. #29
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,221

    Default

    Quote Originally Posted by macduffy View Post
    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.
    Yes the Hong Leong Group would most probably be able to borrow cheaper than MCK.
    It would make it easier for them to borrow, showing their investment in "listed " companies rather than "unlisted" companies.
    Much easier for lenders to gauge "real" values.

  10. #30
    Veteran novice
    Join Date
    Jun 2007
    Location
    , , .
    Posts
    7,289

    Default

    The other point to bear in mind is that the Hong Leong Group controls "only" 65% of Millenium and Copthorne Hotels plc, the owner of the company that owns 75% of MCK! So a takeover of MCK wouldn't be a simple matter.

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •