To be fair, if there is any truth to the chatter (rumours) of a predator circling MAQ it's not going to be found in writing or at any link until a formal approach is made and/or an offer tabled.
The share price has rallied fairly strongly even in the face of some poor overall market conditions but she has only added 10% in this recent run so it *might* be buying fuelled by speculation & rumour but then again even more likely that the bigger boys have finally decided it's time to increase their exposure to MAQ following the value of that ATO contract and ahead of the DC expansion being completed.
Sooner or later the big money was (and still is) going to flow back into MAQ fairly strongly and this *might* be the beginning of that money flow. If this is the case, I would suggest ballpark high $20's - $30 is not out of the question for MAQ in fairly quick time and this is likely to be followed by another surge in late 2020 when that DC expansion comes on line, the capex spending is greatly reduced, earnings are greatly increased and possibly a resumption of dividend payments.
MAQ Price at posting:
$25.11 Sentiment: Hold Disclosure: Held
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