That has been my thoughts as well. MP1 received a sugar hit from the re-pricing last year, to bring them out of the duldrums, I feel the price action afterward did not account for the one time nature of the PoP growth metrics. Therefore when growth appears to slow again (when compared to the re-pricing impact) sentiment will turn sour again. From there I expect it to bottom, fly under the radar until it becomes "cheap", assuming they keep the financials sustainable, and creep back up. After a good period of stead price improvement, once past all the one time impacts, the market will take notice again and it will re-price back to a growth valuation.
Of course that is all wild speculation and I don't really know what customer growth will look like.
All IMO and GLTAH, please DYOR
Ann: 2QFY24 Investor Briefing Invitation, page-5
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Last
$11.22 |
Change
-0.330(2.86%) |
Mkt cap ! $1.789B | |||
| Open | High | Low | Value | Volume |
| $11.74 | $11.81 | $11.20 | $16.96M | 1.494M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8113 | $11.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $11.24 | 28 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MP1 (ASX) Chart |