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
$11.35 |
Change
0.180(1.61%) |
Mkt cap ! $1.810B |
Open | High | Low | Value | Volume |
$11.26 | $11.46 | $11.22 | $7.551M | 664.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 128 | $11.35 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$11.36 | 8977 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 128 | 11.350 |
2 | 1919 | 11.340 |
4 | 10465 | 11.330 |
2 | 2830 | 11.320 |
3 | 1953 | 11.300 |
Price($) | Vol. | No. |
---|---|---|
11.420 | 2328 | 1 |
11.430 | 4247 | 3 |
11.450 | 12723 | 4 |
11.460 | 3631 | 2 |
11.470 | 2193 | 1 |
Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
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MP1 (ASX) Chart |