MYE 1.39% 17.8¢ metarock group limited

Ann: Binding agreement to sell PYBAR for $65 million, page-9

  1. 341 Posts.
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    New to MYE. Not (yet) held. Bear with me, still going through everything on the company - noting I'm repeating what others have stated already..

    Looks like a decent sale of PYBAR @ $65m. What MYE is left with is a coal contracting business that should do 12-13m EBITDA for 2HY24. Losses carried forward and reduction of interest payments, looking at a NPAT ~10-11m for the HY.

    They appear to have a decent order book already for FY25.

    Company appears to have historically reliant on borrowings, I'd like to see that stop:
    https://hotcopper.com.au/data/attachments/6108/6108493-3656e67886ff78c57873432108f672d7.jpg
    I hope they don't pay a dividend, firm up their balance sheet and secure order books for FY25.

    Do I think this is a long-term investment? No. I think this is a value opportunity. Long-term mining services have thin margins, are competitive and full of risks. However, the value opportunity is there - hence my interest.
 
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Last
17.8¢
Change
-0.003(1.39%)
Mkt cap ! $54.40M
Open High Low Value Volume
17.8¢ 17.8¢ 17.8¢ $4.438K 25K

Buyers (Bids)

No. Vol. Price($)
1 20000 16.5¢
 

Sellers (Offers)

Price($) Vol. No.
18.5¢ 25000 1
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