I think the MLX share price will stay around this level for another week or so, until the ABY major share holder formally accepts the offer.
Once this happens and the market digests how good this deal is for MLX, we should see it re rated up to the forecasts many brokers have on this company, the mid $1 region.
Ann: ABML Directors To Recomend Proposed Increase Offer From MLX,MLX-ABY.AX, page-11
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Last
44.0¢ |
Change
0.010(2.33%) |
Mkt cap ! $394.5M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 44.5¢ | 42.5¢ | $477.5K | 1.095M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 223 | 44.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.5¢ | 104353 | 7 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| MLX (ASX) Chart |