The BoD and management at MLX have done all the preparation and assembled the ingredients to bake a lovely cakeHow do we get to eat it?
A share buyback - either on or off market - would further concentrate the influence of parties with links to Hong Kong , now part of China.( I doubt they would participate)
That combined with a CCP linked Tin company holding 50% of Bluestone is not a good look in the current geopolitical environment.
The BoD needs to ennunciate a capital management plans that includes a dividend component, unfranked if necessary, IMO.This would make MLX a yield play .
ATM there is a dearth of Australian funds interested in this stock despite the undeniably strong financials.
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Last
65.0¢ |
Change
0.015(2.36%) |
Mkt cap ! $576.1M | |||
| Open | High | Low | Value | Volume |
| 64.0¢ | 66.0¢ | 63.5¢ | $1.473M | 2.288M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 39650 | 64.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 65.0¢ | 114097 | 1 |
View Market Depth
| Last trade - 16.10pm 18/07/2025 (20 minute delay) ? |
| MLX (ASX) Chart |