This stock is the wrong price by some margin.
Really ought to be 75-80c in a flash.
NAV 140c+ for a state of the art manufacturing plant which is trading profitably.
I also am strongly of the view that the longer the shares are below a dollar, the greater the chance of a takeover.
Despite all the good things happening internally at Matrix, I just can't see Begley senior, who is the biggest holder, not wanting an exit. Especially if the industry has a more uncertain outlook.
A silver lining, page-3
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Last
30.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $65.86M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 30.5¢ | 30.0¢ | $30.66K | 101.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 226908 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 30000 | 1 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| MCE (ASX) Chart |