$1? a little overbought?
I guess it depends on your perspective, but looks way oversold to me. The business is generating cash at breakneck speed... wake me up when we're at $5.
As I mentioned to snakey in the other thread... the io business is generating cash at 30%pa at the moment, take off TP next year and EH after 4 years, and we'll still get 20% pa on KI alone on our investment. You'd be insane to swap quity in MGX for someone else's (underperforming) bank deposit. Snakey got done in 4% in the space of one week. Personally, I need about a $5 offer before I can contemplate fooling around with the notion of buying a bank deposit with my MGX monies.
1.00, page-5
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Last
32.0¢ |
Change
-0.005(1.54%) |
Mkt cap ! $389.5M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 33.0¢ | 32.0¢ | $282.5K | 869.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 247847 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 35276 | 4 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| MGX (ASX) Chart |