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Monchhichi – the ever-reducing placing finally gets away; so what next?

By Cynical Bear | Friday 10 February 2017


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


I have been following the Monchhichi (MCC) story, or Mercom as was, since Calvet got involved last year (as can be seen HERE) and so today’s RNS announcing the completion of the promised placing was no great surprise although there were certain aspects that amused me.


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