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 engages in the design, manufacturing, and marketing of home textiles in the United States.
Market Cap
AUD 14.1M
Pitch Price
AUD 0.15
Price Target
0.22 (+47%)
Dividend
N/A
EV/EBITDA
-3.01
P/E
-2.40
EV/Sales
2.10
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)