It is a very credible result, and even an upgrade for the full year.
With 2 insto. holders dumping a large amount of stock over the last couple of weeks, and with more to get rid of yet (my feeling) there is a stock overhang that will take some time to be cleared.
For a longer term position, and assuming MCP can hold NPAT at this level +/- 20% or so, then when they start to pay dividends the yield will be very nice. I wonder how many people though, at this time, are prepared to back a stock for the longer term
Still at a p.e. of just over 1, the price is very cheap and worth a play.
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Last
22.0¢ |
Change
-0.005(2.22%) |
Mkt cap ! $31.66M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.0¢ | 21.0¢ | $18.35K | 86.09K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 31158 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 15798 | 2 |
View Market Depth
| Last trade - 14.07pm 24/06/2025 (20 minute delay) ? |
| MCP (ASX) Chart |