Mercantile Investment Company Ltd (MVT)



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General Information
Company Name: Mercantile Investment Company Ltd
Stock Code: MVT
Website: www.mercantileinvestment.com.au
GICS Sub-Industry: Consumer Finance
Market Cap ($M): 35
Equiv. Shares (M): 269

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
 $ 0.130 $ 0.125 $ 0.130 $ 0.125 $ 0.120 70,000 $ 0.010  8.333 %

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) $2,108 M 0.6786 -- -- 27.0143 -- -- 2.90 -- --
Mercantile Investment Company (MVT) $32 M -- -- -- 400.0000 -- -- 0.00 -- --
OzForex Group (OFX) $605 M -- 0.0562 0.1979 28.3146 26.8085 22.3801 0.94 3.17 3.57

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth
MVT 1.53 433.3 0.97 --
Market 1.09 13.8 1.03 1.07
Sector 1.24 14.0 1.03 1.58

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

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)
27 October 2014 AGM
© 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.

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