Metcash Limited is a marketing and distribution company operating in the food and other consumer goods sectors. The Company operates distribution centers serving grocery products for independent retail grocery stores, liquor distribution centers and cash and carry warehouses which serve retailers and businesses in the grocery, liquor, food services and convenience stores.
The deadline (next Friday) to return tender forms is fast approaching so we wanted to provide one final reminder to members holding the stock. If you need instructions on how to fill out your tender forms, please click on https://rivkin.com.au/members/resources/analysis-updates/metcash-ltd-mtsasx-9
The MTS share price has gone our way since our entry, and the pricing period begins on Monday and will be determined as a volume weighted average price between Monday and Friday. Assuming the current price of $4.10 holds, we’re looking at total gross proceeds of $4.80 which is would represent a $1.15 profit per share or $1,150 for the 1,000 parcel we recommended members buy.
We will update members further once the results of the buyback are announced.
