Your comment made me realize I had made my favourite mistake when analyzing MLX: my CF/MC calcs use 100% CF, not MLX's 50% share, so those the CF/MC yield is actually 15%.
IMO, the BB limit should be based on valuation, not an arbitrary price level. Annualizing the Q4E CF we get a CF/EV of 56%. There is nothing more accretive to shareholder value than buying back shares at that valuation.
Your comment made me realize I had made my favourite mistake...
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Last
43.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $385.5M | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 44.0¢ | 42.5¢ | $538.5K | 1.248M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 109315 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 67083 | 10 |
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| Last trade - 15.26pm 09/10/2024 (20 minute delay) ? |
| MLX (ASX) Chart |