If that was a question, then Yes, Seriously; $20m cash in bank!!
It's crazy, but manufacturing is not the most exciting of industries so MHI doesn't get the FOMO or hype like other sectors.
The big question is what are they going to do with that money? It was acquired from the sale of an asset (a factory in China) a few months back; they already paid 1c /share dividend ($940k total returned to SHs).
MHI suggest they're looking to expand their USA operations. Dividends are likely to be coming soon IMO.
Ann: MHI Quarterly Activities Report & Appendix 4C, page-9
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Last
16.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.08M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 30924 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 61959 | 1 |
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| Last trade - 16.12pm 03/10/2024 (20 minute delay) ? |
| MHI (ASX) Chart |
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