MXQ 0.00% 2.3¢ max trust

preliminary financial report out

  1. 75 Posts.
    Makes for good reading compared to six months ago. PwC confirms they are a going concern. NTA of 10.2 cpu (now 15 odd cpu). The debt restructure arrangement results in no cash distributions being paid to unitholders until amounts owing to noteholders are paid out in full, the constitution does allow for quasi distributions to be made through issuing of new units. Page 27-28 has the most transparent presentation of the trust's assets that I have ever seen (and I've been looking at this trust for a couple of years now). For the first time in a long time it actually honestly looks undervalued.

 
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