Mercantile Investment Company Ltd (MVT)



Welcome to InvestSMART

You are currently viewing our site as a guest, which gives you limited access to our site features. By signing up for a free membership, you will receive our Investment Opportunity newsletters and have access to additional features for finding and comparing managed funds and shares. Registration is fast and simple, so please:

Sign Up Today Ľ it's FREE! Already a member? Login now!


General Information
Company Name: Mercantile Investment Company Ltd
Stock Code: MVT
Website: www.mercantileinvestment.com.au
GICS Sub-Industry: Consumer Finance
Market Cap ($M): 34
Equiv. Shares (M): 269

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.125 $ 0.000 $ 0.000 $ 0.000 $ 0.125 0 0%

Company Overview

Business Description:
Mercantile Investment Company Ltd (MVT, formerly India Equities Fund Limited) is an investment company which invests in cash and listed securities which will provide attractive risk adjusted returns, including by way of short term trading, profit making ventures and holding shares for dividend yield/ long term capital appreciation.


Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2014  A 0.1 0.0 -- 431.0 0.0 0.0 --
2013  A -0.2 -0.1 -- 0.0 0.0 0.0 --
2012  A 1.6 0.9 -84.4 7.9 0.0 0.0 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F 2012 A 2013 F 2014 F
Magellan Financial Group (MFG) $2,607 M 0.6786 -- -- 33.3538 -- -- 2.35 -- --
Mercantile Investment Company (MVT) $34 M -- -- -- 416.6667 -- -- 0.00 -- --
OzForex Group (OFX) $653 M -- 0.0663 0.1960 30.5618 28.6617 23.9648 0.88 2.57 3.31

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth
MVT 1.50 416.7 0.93 --
Market 1.02 13.7 0.95 1.00
Sector 1.16 13.5 1.03 1.78

Directors
Name Position Start Date
Mr Gabriel Radzyminski Executive Director 06 January 2012
Sir Ronald Alfred Brierley Non-Executive Chairman,Non-Executive Director 20 January 2012
Dr Gary Hilton Weiss Non-Executive Director 06 March 2012
Mr Ronald Langley Non-Executive Director 06 March 2012
Mr James Chirnside Non-Executive Director 05 November 2010

Management
Name Position
Mark A Licciardo Company Secretary
Matthew Rowe Joint Company Secretary

Substantial Shareholders
Holding Name
12,500,000 (4.99%) Ronald + Rhonda Elizabeth Langley
122,411,120 (48.85%) Siblow Pty Ltd
14,915,001 (5.95%) Gibsbourne Pty Ltd
26,150,522 (10.44%) GW Holdings Pty Limited

Calendar of Events
Date Event
25 September 2015 Report (Annual)
24 August 2015 Report (Annual)
24 August 2015 Report (Prelim)
23 February 2015 Report (Interim)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

Advertisement

Trade Shares Online from $19.95^
Free Guides

The SMH Guide to Investing in Property through Super

An educational booklet on running your own superannuation fund and investing in property.

More details...

News

Markets melt up

By Michael McCarthy (chief market strategist, CMC Markets) 19/12/2014 | Traders and investors caught short heading into the FOMC scrambled for cover in Europe and the US, in many cases driving indices to their best one day performance for 2015.

Aussie Investors take their foot off the accelerator

By Betty Lam (Sales Trader, CMC Markets) 18/12/2014 | Lead by the Fed-fervour offshore, Australians shares jumped on the Yellen cheer wagon. The material and energy stocks were back in vogue as both sectors gained over 3% in morning trade.

Fed Feeds Frenzy

By Michael McCarthy (chief market strategist, CMC Markets) 18/12/2014 | In spite of a frenzied pre-mortem, a benign statement from the US Federal Reserve‚Äôs Open Market Committee and steadying commodity markets drove investors back into share markets overnight. A calmer, stronger ruble helped offset European growth fears, highlighted in the overnight session by further declines in inflation.

Household brands Woolworths and Telstra Heavy Lifting

By Betty Lam (Sales Trader, CMC Markets) 11/12/2014 | Offshore jitters sent ripples through to Australian stocks. The open saw the local equities take 65 points off the index, catalysed by a mass-exit in energy stocks, yet again.

Steady open as Woodside investors wait on details of possible Wheatstone acquisition

By Ric Spooner (Chief Market Analyst, CMC Markets) 10/12/2014 | Yesterday‚Äôs news on Greek politics and China‚Äôs bond market came at a time when US and European stock markets have extended rallies and pushed valuations higher. This makes those markets vulnerable to downward corrections as profit takers act to avoid missing out.

MYEFO and Lima - December could be nasty.

BR Securities Australia Pty Ltd 2/12/2014 | December 2014 could go down as a nasty moment in Australian finance. MYEFO will reveal a deteriorating budget deficit and the UNFCCC meeting in Lima, Peru will provide the agreement, to be ratified in Paris in 2015, on how much (or little) CO2 is to be allowed into the atmosphere from 2020.

More...


Sponsored Links