The total amount of the dividend is $43.6 million. The dividend has not been provided for in the Company’s 30 June 2014 financial statements.
1090.8 million share @ 46 cents = $501.8 million market cap.
$520 million cash backing from 30/6/14.
Subtract $43.6 million.
Total: $476.4 million.
Add 1st Quarter earnings and you'd get about $500 million in total. It's the same as the market cap, give or take a few million.
Either way, it means the enterprise is worthless according to the market. (Forget about the 8-9% divies!)
It's days like these that you can get yourself some great bargains, but do your own research.
;-)
- Forums
- ASX - By Stock
- MGX
- Buy Cash at Discount
Buy Cash at Discount, page-12
-
- There are more pages in this discussion • 56 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MGX (ASX) to my watchlist
(20min delay)
|
|||||
Last
32.0¢ |
Change
-0.005(1.54%) |
Mkt cap ! $389.5M |
Open | High | Low | Value | Volume |
32.5¢ | 32.5¢ | 31.0¢ | $500.4K | 1.571M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 107146 | 32.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
32.5¢ | 60553 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 107146 | 0.320 |
5 | 282587 | 0.315 |
11 | 609387 | 0.310 |
6 | 113300 | 0.305 |
7 | 152730 | 0.300 |
Price($) | Vol. | No. |
---|---|---|
0.325 | 60553 | 2 |
0.330 | 109200 | 3 |
0.335 | 157778 | 4 |
0.340 | 156714 | 4 |
0.345 | 217734 | 5 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
MGX (ASX) Chart |