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MIR - Mirrabooka Investments

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drilling mud ( and other resource drilling technology )

basically the drilling paste to ease wear and tear on exploration drilling
 
Mirrabooka estimated NTA as of end Friday was $2.97.

with today a 4+ percent wipeout across the market, it is still trading higher ... $3.05 to 3.20
 
Dona Ferentes said:
Mirrabooka estimated NTA as of end Friday was $2.97.

with today a 4+ percent wipeout across the market, it is still trading higher ... $3.05 to 3.20
Click to expand...
Quite an amazing performance. They invest in small to medium entities. It would appear all their investments are listed.

gg
 
Garpal Gumnut said:
Quite an amazing performance.
Click to expand...
baffling, really
Garpal Gumnut said:
they invest in small to medium entities.
It would appear all their investments are listed.
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it is a Listed Investment company

.
but with all 32 of their larger holdings - on my watch list- all down, today's NTA would be around $2.80 ... so it's very expensive


 
Garpal Gumnut said:
Quite an amazing performance. They invest in small to medium entities. It would appear all their investments are listed.

gg
Click to expand...

I'm being pedantic here @Garpal Gumnut but it can hold unlisted companies. It did, and maybe still does, hold Marketplacer but it wasn't a large holding - around $1m or so. The management is not adverse to incubator activities where it considers it warranted.
 
I doubt if they have enough unlisted to be unable to get a daily price on them sufficient to have a green day today. Thanks for the info.

gg
 
Yes, i do not understand...but look many are still joking at tariff on pingouins.
Always worthwhile finding irrational as long as yiu can benefit legally, and for me ethically.
For MIR the question is: if you own some, why not sell and benefit from that silly NPA
I believe i still have some
Edited: no, i already swapped to ARG/AFI
 
Bellcose said:
MIR has a 1 for 7 entitlement offer which is to open shortly. $3.06 per share.
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I knew I was keeping some cash around for something.

edit
with Top up facility

The Chairman, Mr Greg Richards commented :
“Until recently, equity markets had been trading at record highs which made us very cautious about investing additional capital into the market.

"However, with the fall in the share prices of many companies since that period and with the expectation that uncertain conditions will continue over the coming months, the investment team anticipates opportunities will arise to selectively add to Mirrabooka’s portfolio having regard to the medium to long term investment focus of the Company”.

The issue price of $3.06 per New Share is equal to the average of the weekly estimated pre- tax value of the net tangible asset backing per Mirrabooka share over the period from Friday, 4 April 2025 to Friday, 2 May 2025 (inclusive).

The Issue Price also represents a discount of 5% to the closing price on Monday, 5 May 2025 of $3.22 per Share (the last trading date prior to the announcement of the Entitlement Offer).
 
Unfortunately it's a non-renounceable offer. Those who may not have the funds will not only be diluted but get zero money. I think the latter aspect is unfair to be honest.
 
Fairness.. .
I hoped i still had some after my individuals to super move: quickly checked.nope

I added to ARG and AFI instead

I would add MIR
 
Just did the numbers on taking up the full 1 for 7. The bank balance is going to look very unwell. It's only money fortunately. I'll survive. Will thrown in a bit more so the total number of shares held end in ,000. May as well let my OCD out to play.
 
I finally bought my first MIR in March.

I put in all the spare cash I had at the time, but I would have liked to have bought more. I've got some extra cash now, so the timing of the entitlement offer is fortunate.
 
While all of us holders are pleased about the entitlement offer, it wouldn't surprise me at all if MIR trades below $3.06 some time in the next few months.

I might even leave lodging my application until the end of the open period, just in case.
 
Ferret said:
While all of us holders are pleased about the entitlement offer, it wouldn't surprise me at all if MIR trades below $3.06 some time in the next few months.

I might even leave lodging my application until the end of the open period, just in case.
Click to expand...

That is one approach and a good one if it suits you. I am not fussed about that possibility as I only invest with a long view. OK, I am over 70 but my attitude hasn't changed. A few cents either way does not determine my investments. I hardly look at prices anyway.
 
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