Added to YB: 2024-10-03
Pitch date: 2024-10-01
MHI.AX [bullish]
Merchant House International Limited
-3.23%
current return
Author Info
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Company Info
Merchant House International Limited does not have significant operations. Previously, it was engaged in footwear and home textile business.
Market Cap
N/A
Pitch Price
AUD 0.15
Price Target
0.22 (+47%)
Dividend
N/A
EV/EBITDA
N/A
P/E
N/A
EV/Sales
N/A
Sector
Textiles, Apparel and Luxury Goods
Category
special_situation
Show full summary:
Merchant House International: Throwing in the Towel
MHI.AX: China-based textile co liquidating. $9M cash/receivables, $25M PP&E (VA plant). At 16c/share, $15M mkt cap. Conservative base case: 39% total return, 26% IRR over 1.5yrs. Upside potential in cash burn, timeframe, asset values. Downside protected by cash/property. 5% position at 14c, may add.
Read full article (3 min)