$1? a little overbought?
I guess it depends on your perspective, but looks way oversold to me. The business is generating cash at breakneck speed... wake me up when we're at $5.
As I mentioned to snakey in the other thread... the io business is generating cash at 30%pa at the moment, take off TP next year and EH after 4 years, and we'll still get 20% pa on KI alone on our investment. You'd be insane to swap quity in MGX for someone else's (underperforming) bank deposit. Snakey got done in 4% in the space of one week. Personally, I need about a $5 offer before I can contemplate fooling around with the notion of buying a bank deposit with my MGX monies.
$1? a little overbought? I guess it depends on your perspective,...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MGX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
28.0¢ |
Change
-0.015(5.08%) |
Mkt cap ! $341.1M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.5¢ | 28.0¢ | $452.0K | 1.581M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 719630 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 32325 | 2 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| MGX (ASX) Chart |