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28.5¢ macmahon holdings limited

Entertaining the idea of tendering for lithium wouldn’t go...

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251 Posts.

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21/03/22

16:18

Post #: 60322578
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Originally posted by Rampaul: ↑

Haha, I wish! I am pretty happy with company performance. Share price I'm agnostic about, I'm comfortable to accumulate more at 17 cents or lower, feeling confident this is worth more than NTA per share and that one day it will get there over my time horizon (3 years), while NTA/share is steadily growing.

Of course would love to go to 30 cents tomorrow and sell out, but if it wasn't low then and I wouldn't buy then couldn't make profit later. I would be more depressed if there weren't good companies trading at reasonable prices and right now happy many of the ones I own/ed are trading close or above my fair value.

FWIW I've asked the same question you have about the poor share price to a few investors across forums and of course investor relations. No one points to fundamentals (aside from margin squeeze, which as mentioned previously I believe is transitory) and instead best explanation I think seems to be largely about sentiment and market favouring companies returning cash to shareholders over reinvesting. It may be good for share price in short term, but would be nuts over long term.

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Entertaining the idea of tendering for lithium wouldn’t go astray in boosting the SP.

MAH Price at posting: 17.5¢ Sentiment: None Disclosure: Held
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Last 28.5¢		Change 0.005(1.79%)		Mkt cap ! $614.1M

Open	High	Low	Value	Volume
28.0¢	28.5¢	28.0¢	$344.7K	1.212M

Buyers (Bids)

No.	Vol.	Price($)
22	618543	28.0¢

Sellers (Offers)

Price($)	Vol.	No.
28.5¢	63236	4

View Market Depth

No.	Vol.	Price($)
22	618543	0.280
12	173985	0.275
17	194728	0.270
6	102646	0.265
4	93990	0.260

Price($)	Vol.	No.
0.285	63236	4
0.290	1261194	14
0.295	192365	11
0.300	849897	28
0.305	355429	8

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