Added to YB: 2025-01-20
Pitch date: 2025-01-19
MHI.AX [bullish]
Merchant House International Limited
Author Info
Halvio Capital is an investment firm that seeks to compound capital at high rates of return while taking limited risk of capital impairment through separately managed accounts. The firm’s goal is to outperform the broader indices over a long time frame. Sign up for the newsletter.
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 0.16
Price Target
N/A
Dividend
N/A
Sector
Textiles, Apparel and Luxury Goods
Category
special_situation
Two Deep Value Special Situations Down Under; Seasoned Liquidations - Merchant House International Limited
MHI.AX: Textile maker liquidating. Last property sale in 12 months. $14.13M mkt cap. CEO owns 65%. Bear case: 50% of book value still profitable. Base/bull cases higher. Risks: slow sale, no buyer, equipment piecemeal sale, management change of plans or high salaries. Past asset sales above book value. Uncorrelated to market.
Read full article (4 min)