Mercantile Investment Company Ltd (MVT) - Research

$0.170

MVT General Information +

ASX Code MVT
Website http://www.mercantileinvestment.com.au
GICS Sub-Industry Asset Management & Custody Banks
Market Cap ($M) N:A
Current Price $0.170
Day High $0.000
Day Low $0.000
Last Close $0.170
Price Movement - ( No change )
Prices as at 16:40, 22 Jul 2019
+Security prices are delayed by at least 20 minutes and are indicative only.

MVT 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.

MVT Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2018 A 7.65 2.70 310.80% 6.30 0.00 0.00% 0.0%
2017 A 1.53 0.70 -28.60% 24.50 0.00 0.00% 0.0%
2016 A 2.25 0.90 0.00% 15.00 0.00 0.00% 0.0%

MVT Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2016 A 2017 A 2018 A 2016 A 2017 A 2018 A 2016 A 2017 A 2018 A
Magellan Financial Group (MFG) $10,271M 0.3568 0.2415 0.0692 37.4653 30.1769 28.2238 2.32% 2.98% 3.17%
Mercantile Investment Company (MVT) $48M 3.1077 0.0000 0.0000 6.3670 0.0000 0.0000 0.00% 0.00% 0.00%
Netwealth Group (NWL) $1,861M 0.0000 0.7112 0.3444 92.6627 54.1494 40.2778 0.69% 1.46% 1.95%
Pendal Group (PDL) $2,366M 0.1207 -0.2846 0.1059 10.3233 14.4298 13.0481 6.99% 6.15% 6.49%
Platinum Asset Mgmt (PTM) $2,793M 0.0325 -0.1572 0.0348 14.5255 17.2339 16.6550 6.72% 5.67% 5.78%

MVT Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.20 6.37 0.88 0.00
Market 0.65 14.70 1.18 1.04
Sector 0.95 13.90 1.04 2.41

MVT Directors

Name Position Start Date
Mr Gabriel Radzyminski Executive Director 6 Jan 2012
Sir Ronald (Ron) Alfred Brierley Non-Executive Chairman, Non-Executive Director 20 Jan 2012
Mr Daniel Weiss Non-Executive Director 25 Feb 2015
Mr James Miller Chirnside Non-Executive Director 5 Nov 2010
Ms Katrina Louise Langley Non-Executive Director 6 Nov 2018

MVT Management

Name Position
Mark Andrew Licciardo Joint Company Secretary
Elizabeth McGregor Joint Company Secretary
Adam Sutherland Joint Company Secretary

MVT Substantial Shareholders

Holding Name
122,411,120 (43.61%) Sir Ronald Alfred Brierley
25,750,522 (9.17%) GW Holdings Pty Limited
15,455,001 (5.31%) Dr Gary Weiss

MVT Calendar of Events

Date Event
27 February 2020 Report (Interim)
27 September 2019 Report (Annual)
30 August 2019 Report (Annual)
30 August 2019 Report (Prelim)

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