Sounds like a roaring endorsement for a buyback
The option management should pursue is a "selective buy-back". Definition here: https://asic.gov.au/for-business/running-a-company/shares/share-buy-backs/#selective
This will require shareholder approval but I doubt it will be a problem to get a 75% majority to buy out OP for, say, 29c. Thereafter pretty much no seller left. And thanks to the buyback we'd all enjoy a bigger share in MLX.
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Last
53.5¢ |
Change
-0.010(1.83%) |
Mkt cap ! $478.6M |
Open | High | Low | Value | Volume |
54.5¢ | 55.0¢ | 53.5¢ | $281.9K | 520.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 183618 | 53.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
54.0¢ | 88944 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
21 | 217239 | 0.535 |
11 | 203023 | 0.530 |
9 | 144522 | 0.525 |
12 | 284770 | 0.520 |
8 | 88741 | 0.515 |
Price($) | Vol. | No. |
---|---|---|
0.540 | 43361 | 2 |
0.545 | 128060 | 8 |
0.550 | 144190 | 9 |
0.555 | 63835 | 5 |
0.560 | 93548 | 3 |
Last trade - 10.52am 23/06/2025 (20 minute delay) ? |
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MLX (ASX) Chart |