My prediction of the company having cash and cash reserves of 600 million by the end of 2024 appears to be too conservative.Based on the past 6 months profit continuing for the next 6 months,they will have in excess of600 million by the end of June 2024.I dont understand the philosophy of the T20 who control the company.What is the point of owning shares in a company whose net asset backing in cash exceeds its share price?They should put the retail shareholders out of their misery and make a bid for the company.
Ann: December 2023 Half-Year Earnings Announcement, page-2
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Last
41.0¢ |
Change
-0.005(1.20%) |
Mkt cap ! $498.1M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.5¢ | 40.5¢ | $580.3K | 1.416M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 156031 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 65000 | 3 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
41.3¢ |
Change
-0.005 ( 0.60 %) |
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| Open | High | Low | Volume | ||
| 41.0¢ | 41.5¢ | 40.5¢ | 558237 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| MGX (ASX) Chart |