I'm going to napkin doodle a few numbers for my own (and hopefully your) entertainment:
MLX are currently making ~A$25m profit a quarter
there are 65 working/trading days in a quarter (ignoring public holidays etc.)
thus MLX are making just under A$385,000 a day
The total value of the buyback to date excluding yesterdays purchase was A$374,198... less than one day's profit
Yesterday's purchase (at up to 40c, let's not ignore the positives!) of A$53,698 represents ~14% of that days cash build
If we were hoping the buyback might direct some of the cash pile to us via the SP, well at the current rate it will be a long wait! MLX is still amassing cash much, much faster than it is returning it.
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Last
45.0¢ |
Change
-0.005(1.10%) |
Mkt cap ! $403.4M |
Open | High | Low | Value | Volume |
44.5¢ | 45.0¢ | 43.5¢ | $545.3K | 1.222M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 44.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
45.0¢ | 369440 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 0.445 |
7 | 271076 | 0.440 |
4 | 151499 | 0.435 |
2 | 7000 | 0.430 |
3 | 50559 | 0.425 |
Price($) | Vol. | No. |
---|---|---|
0.450 | 369440 | 6 |
0.455 | 62738 | 5 |
0.460 | 197582 | 8 |
0.465 | 1153304 | 3 |
0.470 | 217733 | 4 |
Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
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