MFS mfs limited

city pacific and mfs due dilligence

  1. 11,407 Posts.
    The truth always comes to the surface eventually.

    Seems MFS is the brunt of "all things bad".

    We heard City Pacific pulled out of buying the financial arm of MFS after finishing due dilligence.

    The media went mad almost telling the market no one wants to touch MFS.

    Maybe the dont. But now we see City Pacific's financial state and realise they had no money anyway.

    They actually offered MFS City Pacific shares instead of cash.

    Now look at CIY shares.....a 60% drop in share price in one day.

    Amazing how the media and others paint a perspective on things.

 
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