sharetrader
Page 2 of 4 FirstFirst 1234 LastLast
Results 11 to 20 of 40

Thread: Mtfhc

  1. #11
    ShareTrader Legend Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    21,362

    Default

    Always happy to help whenever I can mate.

  2. #12
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,221

    Default

    Well for an illiquid "junk bond" there has certainly been "respectable" volume being traded.
    The price has moved from 68cents,when I brought on the 7th October to 73cents today.7.35%.,or 2.45% a week. Nice.!
    May have to look at more bonds,or do I put it down to beginner's luck? lol.
    Last edited by percy; 28-10-2014 at 03:46 PM.

  3. #13
    IMO
    Join Date
    Aug 2010
    Location
    Floating Anchor Shoals
    Posts
    9,696

    Default

    Ditto here lol. Thankyou to Lizard.

  4. #14
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,221

    Default

    Today's announcement that The Commerce Commission has abandoned its cross-appeal in the Sport Zone case comes as no surprise.
    MTF and SportZone's appeal is set down for 19-20th November.

  5. #15
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,221

    Default

    Quote Originally Posted by percy View Post
    Well for an illiquid "junk bond" there has certainly been "respectable" volume being traded.
    The price has moved from 68cents,when I brought on the 7th October to 73cents today.7.35%.,or 2.45% a week. Nice.!
    May have to look at more bonds,or do I put it down to beginner's luck? lol.
    But wait........There's more !!!!!!!!!!!!!!!!
    Great volume being traded at 75cents............................
    Another 75,000 this morning................

  6. #16
    Senior Member
    Join Date
    Nov 2012
    Location
    Auckland
    Posts
    1,347

    Default

    News out today. NZX announcement for MTF update on Sportzone Case
    https://www.nzx.com/companies/MTF/announcements/257831

    I note "the aggregate amount for 39 Sportzone fees is less than $10,000" or about $250 per loan.
    "MTF considers that those judgments are incorrect.". The judgement is subject to appeal.
    No advice here. Just banter. DYOR

  7. #17
    The Wolf of Sharetrader
    Join Date
    Jul 2013
    Location
    On my Superyacht
    Posts
    1,240

    Default

    What was the outcome of the court case? Current yield is down to 12%.

  8. #18
    percy
    Join Date
    Oct 2009
    Location
    christchurch
    Posts
    17,221

    Default

    Quote Originally Posted by nextbigthing View Post
    What was the outcome of the court case? Current yield is down to 12%.
    No news as yet.
    I received my first quarterly interest payment on 31/12/2014.

  9. #19
    The Wolf of Sharetrader
    Join Date
    Jul 2013
    Location
    On my Superyacht
    Posts
    1,240

    Default

    Thanks Percy.

    From http://www.mtf.co.nz/pdf/investors/2...ual_report.pdf

    The dividend rate is set annually, at 2.40% over the one-year swap rate, and was reset at 6.26% (2013: 5.32%) on 30 September 2014, for the
    twelve months to 30 September 2015.


    And from the notes;

    perpetual preference shares
    Perpetual preference shares are classified as equity. The shares are non-redeemable and carry no voting rights.
    Dividends are not guaranteed and are payable at the discretion of the directors. Any dividend is recognised as a
    distribution within equity.

    perpetual preference share dividend
    fully imputed dividend declared and paid during the year (net) at 3.83 cents per share (2013:
    3.58) 1
    Last edited by nextbigthing; 07-01-2015 at 07:49 PM.

  10. #20
    Senior Member
    Join Date
    Nov 2012
    Location
    Auckland
    Posts
    1,347

    Default

    Quote Originally Posted by nextbigthing View Post
    Thanks Percy.

    From http://www.mtf.co.nz/pdf/investors/2...ual_report.pdf

    The dividend rate is set annually, at 2.40% over the one-year swap rate, and was reset at 6.26% (2013: 5.32%) on 30 September 2014, for the
    twelve months to 30 September 2015.


    And from the notes;

    perpetual preference shares
    Perpetual preference shares are classified as equity. The shares are non-redeemable and carry no voting rights.
    Dividends are not guaranteed and are payable at the discretion of the directors. Any dividend is recognised as a
    distribution within equity.

    perpetual preference share dividend
    fully imputed dividend declared and paid during the year (net) at 3.83 cents per share (2013:
    3.58) 1
    I calculate the current gross yield = 8.5%. I had previously assumed that the dividend of 6.25c was net. However, it is gross.

    My quarterly dividend statement arrived so I can calculate the net div and Imputation credits per share.

    Net Dividend = .0457
    Imputation Credits = 0.0165
    Total = 0.0625c

    This is consistent with the announcement that the reset rate = 6.25%
    http://stocknessmonster.com/news-item?S=MTF&E=NZSE&N=255897


    Yield = 0.0625/.735 = 8.5%
    Last edited by noodles; 08-01-2015 at 01:38 PM. Reason: added extra detail
    No advice here. Just banter. DYOR

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
  •