Not sure if anyone else saw this, but someone posted a nice little off market buyback scenario on Commsec community.
Essentially, the net effect is to double the share price if a buyback is undertaken at 45c per share assuming a 200m payout with 85 million in franking credits.
There has never been a better opportunity to buyback shares at these levels.
Isn't the boards main objective to maximise shareholder value?
MGX Buyback MGX Buyback Share Value benefit
Payment Opening Shares: 1,085,000,000
200million Less:
Buyback: (444,444,444)
Franking (100%) New Share capital: 640,555,556
85.7 million
Per share payment Forecast NPAT (2013): 147,000,000
45.0 cents
EPS: 0.23
Franking
19.3 Cents P/E 5
Total Expected new share price: $1.15
64.3 Cents
- Forums
- ASX - By Stock
- MGX
- the case for a buyback
the case for a buyback
-
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MGX (ASX) to my watchlist
|
|||||
Last
36.5¢ |
Change
-0.005(1.35%) |
Mkt cap ! $444.6M |
Open | High | Low | Value | Volume |
36.5¢ | 37.0¢ | 36.3¢ | $395.4K | 1.080M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 193636 | 36.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.0¢ | 25000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 193636 | 0.365 |
12 | 251765 | 0.360 |
5 | 151500 | 0.355 |
7 | 172123 | 0.350 |
3 | 65799 | 0.345 |
Price($) | Vol. | No. |
---|---|---|
0.370 | 25000 | 1 |
0.375 | 101000 | 4 |
0.380 | 148000 | 6 |
0.385 | 53888 | 2 |
0.390 | 166981 | 5 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
Featured News
MGX (ASX) Chart |