To The Moon

$Maca Ltd(MLD.AU)$

Had a shock in the morning when I opened tiger app.

Wondered what happened.

Checked the news:

https://wcsecure.weblink.com.au/pdf/MLD/02545393.pdf

https://ttm.financial/m/news/2254955528?edition=fundamental&utm_campaign=2254955528&utm_source=news&invite=S2ODHF&lang=en_US&platform=iOS&shareID=b622d73708bc7457e537357aea994765&utm_medium=copy

Guess that's it. time to say good bye to MACA. 

I had invested in MACA since more than 10 years back, when its valuation was extremely attractive and offering >12% dividend yield. Eventually exited cos reached fair valuation For profit.

Lately cos I had spare cash after exiting $AGL ENERGY LTD(AGL.AU)$. I went back to MACA as its valuation is cheap again. 

Guess that I am not the only one who found that MACA is at a great discount...

I managed to buy in MACA at 0.742 with PBof Ard 0.65, and I was looking at 35% upside once MACA achieved PB 1.0.

Looks like I made it in this case, as the buy over price is at $1.025

Simply too good a value to pass it over. [Victory] 

Barring unforeseen circumstances, it's goodbye maca. 

I am proud to have participated in the company's journey over the years and thank you Macau's Management for working hard and rewarding the shareholders Over the years.

Its time to start looking for another Aussie biz to invest again. [Cool]