Metcash (MTS)

Discussion in 'Stocks & Derivatives' started by SilverDJ, Jun 21, 2015.

  1. SilverDJ

    SilverDJ Well-Known Member

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    Just bought into Metcash, owners of IGA supermarkets, Mitre 10, and various automotive retailers.
    Currently at lowest point in 15 years.
    Up over 5% since I bought at the bottom 2 weeks back.
    Anyone else got them?
     
    SilverDJ, Jun 21, 2015
    #1
  2. whinfell

    whinfell Well-Known Member Silver Stacker

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    Metcash recently announced a $384m loss, won't be paying a dividend for at least 18 months, and are selling their automotive division to Burson Group.

    Good luck!
     
    whinfell, Jun 21, 2015
    #2
  3. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

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    Could become a potential takeover target at some point, but not something I would be willing to put money on. Metcash like Woolies and Coles are losing market share to Aldis
     
    Caput Lupinum, Jun 21, 2015
    #3
  4. SilverDJ

    SilverDJ Well-Known Member

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    Did pretty well on this one, a 3-bagger. Turns out I picked the bottom at around $1

    [​IMG]
     
    SilverDJ, Dec 6, 2017
    #4
    finicky likes this.
  5. ParanoidAndroid

    ParanoidAndroid Well-Known Member

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    Imagine how many bags if you put it into crypto. :)
     
    ParanoidAndroid, Dec 6, 2017
    #5
  6. finicky

    finicky Well-Known Member Silver Stacker

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    A contrarian buy.
     
    finicky, Dec 7, 2017
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