MTQ Corporation

[Musicwhiz]

Hi MW,

Will MTQ be forced to account for the 28% fair value loss in its 1H 11 statements assuming the price remains unchanged or will it be recorded at cost price ?

I think I will go and read up more about NMS since MTQ is taking a pretty big bet on it. Perhaps, it might even be wiser to invest directly in NMS hahaha !

Hi Nick,

Have edited my previous post FYI to include the RCR Tomlinson deal which I researched on back in 2009 when I purchased shares in MTQ.

Yes they have to account for the mark-to-market loss on NMS as at Balance Sheet date, but it will be an unrealized loss and will be reported under Comprehensive Income. More important is their operating profit from their 2 core divisions.

Yep good idea to read up on NMS, but I doubt I will want to directly invest in it. Let me take up the "risks" through MTQ haha!