MGC - MG Unit Trust

[shouldaindex]

I did a lot of research on this IPO, and had concerns about their projected GDT prices.

Helou is not a guy who likes to show weakness unless he absolutely has to, so analysing his assumptions and forecasts is a must.

Repeat.

 

[Ves]

I never really look into MGC in any depth because unit holders have no voting rights and control over the strategy of the actual MG entity.

It's been set up so that unit holders have the same economic exposure as the unlisted MG shares, but are at a massive disadvantage when it comes to corporate governance.

 

[tge oracle]

Ouch!, not a good outcome for shareholders........I guess profit warnings never are!
Despite the overriding gloom I have held tight and will look to accumulating at these levels. As is always the case, when good companies with a great product and significant market penetration get punished by the market, more often than not, they come roaring back over the subsequent years. I can't be totally sure, but my many years as an investor tell me that it is worth buying at these levels.........it's my gut instinct, and it is usually right!

Disc- Invested in MGC and accumulating more, opinion only. DYOR.

 

[tge oracle]

It has been a wild ride that has required substantial intestinal fortitude but accumulating over the past few weeks will reap huge rewards for a long term investor like myself. There have been a raft of positives over the past day or so with China Resources building a substantial stake and Macquarie Bank releasing a broker report with a $1.70 valuation ( report attached ) and outperform. Despite having a large holding I will continue to accumulate on any price weakness.

Disc- Invested in MGC and accumulating more, opinion only. DYOR.

http://www.eurekareport.com.au/broker-alerts/all companies

 

[skc]

It has been a wild ride that has required substantial intestinal fortitude but accumulating over the past few weeks will reap huge rewards for a long term investor like myself. There have been a raft of positives over the past day or so with China Resources building a substantial stake and Macquarie Bank releasing a broker report with a $1.70 valuation ( report attached ) and outperform. Despite having a large holding I will continue to accumulate on any price weakness.

Disc- Invested in MGC and accumulating more, opinion only. DYOR.

That Chinese holder already had 4.9% at the IPO... they acquired an additional 300k or so shares so they are over the substantial holder threshold. If they acquire more that would becoming more interesting.

Nonetheless, the structure of MGC as a listed shadow of a co-op plus sensitivity around Chinese investments in heartland Australia probably means that any takeover is going to be tricky.

MGC at current state is probably not a bad bet for a revival in dairy prices... but I think it might need to address it's balance sheet at some stage if the recovery takes too long.

 

[tge oracle]

Some more positive news for MGC. China to delay online import regulations until May next year allowing exporters time to adjust to the new requirements( report attached ). This will be very beneficial for MGC and was a contributing factor in it's share price collapse and, most importantly, it's profit down grade. MGC should see better numbers than expected at it's next report.

Disc - Invested in MGC ( accumulating ). Opinion only,DYOR.


http://www.theaustralian.com.au/bus...s/news-story/e0a65858a4b9216c83422c47373cb200

 

[So_Cynical]

Bought a few last week @ 88c based on the emerging double bottom and the fact that it wasn't really a falling knife anymore, just sort of rolling over to the double bottom, great FF dividends that are linked to the milk price paid to producer/shareholders of MG.

The milk price wont always be low, commodity's cycle and i like the rural sector in general, the growth story to our north will play out for many decades to come.
~

 

[greggles]

MG senior management goes

http://www.sheppnews.com.au/2018/04/19/140795/mg-senior-management-goes

Murray Goulburn will part ways with three top executives at the completion of the sale of assets to Saputo, expected for May 1.

Chief executive officer Ari Mervis, chief financial officer David Mallinson and MG company secretary Amy Alston will cease employment with MG on this date.

Nobody wants to stick around for the class action?

http://murraygoulburnclassaction.com.au/

 

[greggles]

News today that an agreement has been reached to settle the Endeavour River class action commenced on 20 August 2018 by Endeavour River Pty Ltd (represented by Slater and Gordon Lawyers) in the Federal Court of Australia.

The settlement amount is $42 million inclusive of interest and costs, approximately 80% of which will be funded by insurance. MG will contribute the remaining portion of the settlement amount and intends to recover this amount from an insurer third party.

A second class action (the Webster class action) remains on foot. No resolution was achieved in the mediation of that proceeding which was held on 30 May 2019. A further Court ordered mediation is due to occur on or before 8 November 2019 and the trial remains listed to commence on 5 February 2020.

The news of the Endeavour River class action settlement has pushed MGC up 20.34% to 35.5c and it is currently trading at 12 month highs.

 

[Stocknewman]

Hi there, need some help from experienced investors in this forum.

I have some MGC share and it has been delisted from ASX early July 2020. Is there anything I can do or should do to recover some loss?

thanks in advance.