Can anyone (other than Sansh) please provide some reasoning as to why there is such a big difference in SP compared to NAV for MGF? SP $1.72 NAV $2.06 - a 19% difference. I understand why they don't trade at the same value but 19% is surely a joke? Daily share buy backs by the company. Don't know if I've ever seen a gap this big before. Dividend likely to be declared 1 January.
Similar thing was happening with MHH a few months ago (not as big a difference though - more like 8%-10%) which is now MHHT.
MFG in the BUY zone, page-934
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Last
$10.68 |
Change
0.090(0.85%) |
Mkt cap ! $1.909B | |||
| Open | High | Low | Value | Volume |
| $10.69 | $10.85 | $10.67 | $4.838M | 450.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3390 | $10.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.71 | 2500 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| MFG (ASX) Chart |