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MXG, MULTIPLEX GROUP |
 Posted: Aug 25 2007, 12:46 PM
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Posts: 45 Thanks: 1  |
Yes I did notice that ! very well done indeed! I must get some tips from you Toilet! Problem is the offer is conditional on a range of things - including approval from the NZ ASIC - wish i got out at $5 too! For any other MXG holders - I am surprised Brookfield have only just managed to secure just over the 51% required - I wonder why the other 49% have not accepted considering all the media commentary advice has been to accept. cheers janz |
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Posted: Aug 24 2007, 11:34 PM
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 Posts: 614 Thanks: 1 |
Wow , looking back at message before did show i was spot on $5.05
how crazy is that ? wish i was that easy all the time. But anyways sold out already at $5. anyhows money should be heading to all those who have accepted now since the acquired interest is over 50%. |
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Posted: Aug 24 2007, 01:06 PM
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Posts: 45 Thanks: 1 |
The ann today informs the market that the offer has been extended by a month as most of the conditions have not been achieved to date. Does anyone know if this is a matter for concern or just process/formality issues? I accepted the offer but now wish i had just sold on market - commsec won't let me withdraw it. The media commentary was that the take-over was a 'done deal' anyone got a view on this? It seems take up of the offer has only just sneaked over 50% which surprises me. Any learned investors out there with a view on how this proposed take over is proceding? janz |
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Posted: Jun 12 2007, 11:08 PM
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 Posts: 598 Thanks: 4 |
Spot on toilet, Just topped up my holding last week and sold $5 calls against all my stock. Cheers CO |
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Posted: Feb 5 2007, 01:54 PM
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Posts: 213 Thanks: 8 |
The offer would need to be north of $5.50 to succeed, imo. 
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Posted: Jan 26 2007, 07:33 AM
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 Posts: 838 Thanks: 2 |
Wolv, toilet,
As soon as the Wembley debarcle was closing i bought in and recently meant to top up when it dropped back to 3.78 but work got in the way anyway i still hold enough to give me a sizable return so cant complain. Lets hope this opens up extra interest which i think it will. Multiplex has a fair bit of prestige for what they do it would be a nice trophy to wear round ones neck we may see another $1.50 yet! 
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Posted: Jan 26 2007, 12:46 AM
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Posts: 614 Thanks: 1 |
I think if you can get in on MXG at $4.80 or under now
its still good opportunity. Why ? Well MXG sum of the parts valuation methodology gives a $4.23 per sher value (found by each group EBIT and peer group multiples) and if you take that as a break up value and whack on at least 20%-25% takeover premium 4.23 x 1.25 = $5.29 4.23 x 1.20 = $5.05 So im predicting the the offer price be at least $5.05 and potential for more if there is more than one party intersted. Only my opinion |
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Posted: Jan 25 2007, 08:54 PM
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 Posts: 10,059 Thanks: 878 |
FYSB, it had to have a payday eventually. i must have gotten lucky it does look like being one of the better performers over 12mths. (i meant real companies, not pennies). -------------------- TOO MANY CHIEFS
NOT ENOUGH INDIANS |
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Posted: Jan 25 2007, 01:32 PM
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Posts: 838 Thanks: 2 |
Whooshca!
I new this little baby would come good! 
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Posted: Dec 28 2006, 03:14 PM
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 Posts: 653 Thanks: 6 |
MXG has entered into an Enforceable Undertaking with ASIC to make a settlement to stapled security holders who bought on or after 3 Feb 05 and settled for purchases on or before 31 Aug 05. The total settlement is $32M. This relates to an investigation by ASIC into a lack of disclosure about the Wemberley fiasco. Related entities are not entitled to compensation.
I made four separate purchases of MXG, all in that period, so looks like I'm in for some compensation. I'm not complaining, but I think the time window for compensation is too wide. My earliest purchases were made without full disclosure from the company. They led the market (and me) to believe the risk of further write downs was low when they knew this was wrong. My later purchases (but still within the time window), were made on the basis that I thought they had been over sold (regardless of the Wemberly issue), which turned out to be right. I've made a 20 to 25% capital gain on these later purchases (as at today) and I will still receive compensation. Not complaining mind you, but this is largely a matter of transferring wealth from one group of shareholders to another. Overall though, it is good to see a company picked up on non disclosure. As long as ASIC continues to press this issue with other companies. Pigs might learn to fly first though. |
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