From my broker...
We move to a SELL rating (from a Buy). Mount Gibson Iron’s 1HFY14
financial results were a disappointment. NPAT was about 24% below
Bloomberg consensus, and this was driven by a disappointment at
the revenue line. Previously reported “achieved prices” were before
the impact of impurity penalties – across the street, this was a
surprise. Further, the company’s independent Chairman Mr Geoff
Hill has stepped down, replaced by a non-independent associated
with APAC Resources (Mount Gibson’s largest shareholder). As a
result, we have decreased our target price to A$0.90 per share.
sp dive, page-24
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Last
30.0¢ |
Change
-0.005(1.64%) |
Mkt cap ! $364.5M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 30.5¢ | 30.0¢ | $142.0K | 473.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 144709 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 27772 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |