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
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Last
$11.77 |
Change
-0.040(0.34%) |
Mkt cap ! $1.877B |
Open | High | Low | Value | Volume |
$11.89 | $11.97 | $11.68 | $8.143M | 688.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1165 | $11.76 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$11.81 | 1907 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 12358 | 11.720 |
4 | 5773 | 11.710 |
2 | 2513 | 11.700 |
2 | 2504 | 11.690 |
2 | 2679 | 11.680 |
Price($) | Vol. | No. |
---|---|---|
11.810 | 1907 | 2 |
11.830 | 2508 | 1 |
11.850 | 3258 | 2 |
11.860 | 12440 | 4 |
11.870 | 1358 | 1 |
Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
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MP1 (ASX) Chart |