LIC & LIT Why the love for Mirrabooka Investments?

I'm gonna blame you @AzzA_ but I had a chuckle at my own expense. I had a look at the changes and this is what I know - which is so little it's pathetic I suppose.

JB Hi-FI - Yep because I bought stuff from them
Computershare - Yep for obvious reasons
Santos - Gas producer
Peet - Don't know
Lark Distilling - Booze and it's been mentioned previously
Xero - Accounting firm
Qube - Don't know
Oil Search - See Santos
Objective - Don't know
ARB - Cars I think
Bapcor - Ta @AzzA_
Deterra Royalities - Don't know
Worley - Don't know
IPD - Don't know
The Environment Group - Don't know but I guess environmental involvement.

At least I know some of them so that's got to be a plus.

 

Lark - not a bad drop, nice drive down to Hobart to have a couple samples, been there @dunno ?

 

Same here. I only know about Bapcor because my brother in-law works at one of their stores and mentioned it in passing a couple of years ago when they bought out the chain he works for. Prior to that conversation I had no idea and didn't even realise they were a listed company until recently!

As you say, as long as the manager does their job I'm happy to sit back and receive my dividends and the occasional tax return rebate.

You've filled in some gaps for me too. Thanks!

I think Peet is a land developer, only know (if I'm right) because I've seen signs in new developments near where I live,
Qube is a freight / transport / logistics company, only know that because I see their trucks on the road from time to time
Objective is a records management system company, only know that because my work uses their systems

I'm also unaware of the others you're unaware of

 

I'll never know.

I assume when you cannot find a supply of chicken breasts, it provides a degree of solace to you in ever increasing quantities. Inverse relationship between CB availability v Lark.

 

Accounting software from NZ

Very expensive (valuation wise) from memory, interesting to see MIR pick it up.

 

If it is expensive valuation I suppose it is a reason MIR sold its entire holding. I don't know where that company sits in the ASX but as MIR has an ex-50 mandate it has been known in the past to sell a holding if that cracks the 50 barrier. Cannot remember which is was as it was quite a while ago.

 

Whoops, that's right they disposed of it. As a value guy I give it a thumbs up.

 

As I tell my wife - Only for research purposes.....

 

Xero is a great company. Used by large amounts of medium sized business in Australia, and runs rings over MYOB for competition. Can see it getting to CSL level prices/moving onto the NYSE in the future.

 

DRP/BSSP price of $3.64.

 

Share purchase plan announced. $3.18 (~ Feb NTA) or 10% lower of VWAP to 4th April (offer close).
Will be interesting what they say at the investor call on 28 March on planned use etc.

 

Bugger. I know what will happen now. A phone call or possibly more than one starting "Hey, Dad. Any chance you can....?"

Unlike the last SPP, this one is not capped.

 

What are your thoughts guys? Are you participating? I decided to diversify away from asx and only buy vgs going forward, but otherwise would have participated.

 

I plan to buy as with the 10% discount it would be just above premium.

 

Amass as many units as possible, I don't hold MIR, but follow this approach with other lics.

 

Buy into it. Don't care about NTA discount. I don't know what the NTA will be when the shares are allocated. Could be the same, higher or lower.

Not fussed about what the management intends to do with the funds unless they decide it would be a great idea to head down to the local casino with the dosh and place it all on black. Or buy out Inghams.

I'll find out what they have done at the next reporting season.

I'm just looking forward to seeing if the share registry can stuff it up again with the MIRNB, advising I've changed my banking and DRP arrangements. And also if an allocation notice will be issued to share holders. It wasn't last time.

 

Inghams lic IPO I will be all in on that one!

 

Another drop this morning ~ $3.18. If it stays around this, the SPP price will be a nice discount to NTA (pending movements, but 5-10% to Feb NTA) for loading up on.

 

Or forget the SPP and buy on market. Then you get the full dividend and not 50% of it.

 

10% off say a $3.18 VWAP is $2.86 SPP price.. if that happens then that is better than paying $3.18 to get a few c more final div.