The share price is trading at fire sale prices, in fact at an EV of less that A$80m I’d say Nifty is being ascribed a value by the market of much less than zero... therefore anything over $1 should see a massive rerate IMO. Hopefully mgmt don’t go chasing the hundreds of millions the prior mgmt team lost on it.
Greentech trading at MLX equiv of 26cps for their equiv % stake in Renison. Shake the CR risk and I’d expect that valuation gap to start closing...
MLX Price at posting:
9.6¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)