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5.36%

26.5¢ metarock group limited

Dude they literally showed the proforma adjustment for how the...

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thebigbadbear

1,191 Posts.

161

17/04/24

16:13

Post #: 73391107
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Originally posted by CreamOn: ↑

New to MYE. Not (yet) held. Bear with me, still going through everything on the company - noting I'm repeating what others have stated already..

Looks like a decent sale of PYBAR @ $65m. What MYE is left with is a coal contracting business that should do 12-13m EBITDA for 2HY24. Losses carried forward and reduction of interest payments, looking at a NPAT ~10-11m for the HY.

They appear to have a decent order book already for FY25.

Company appears to have historically reliant on borrowings, I'd like to see that stop:

I hope they don't pay a dividend, firm up their balance sheet and secure order books for FY25.

Do I think this is a long-term investment? No. I think this is a value opportunity. Long-term mining services have thin margins, are competitive and full of risks. However, the value opportunity is there - hence my interest.

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Dude they literally showed the proforma adjustment for how the numbers look for MYE at the bottom of the announcement.
They will do over $22m+ NPBT for FY25 and probably around $35m to $38m EBITDA

MYE Price at posting: 24.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 26.5¢		Change -0.015(5.36%)		Mkt cap ! $81.22M

Open	High	Low	Value	Volume
27.0¢	28.0¢	25.0¢	$102.7K	393.8K

Buyers (Bids)

No.	Vol.	Price($)
4	50563	25.0¢

Sellers (Offers)

Price($)	Vol.	No.
26.0¢	721	1

View Market Depth

No.	Vol.	Price($)
4	50563	0.250
1	4000	0.245
2	18170	0.235
1	100000	0.230
1	3400	0.225

Price($)	Vol.	No.
0.260	721	1
0.270	100000	1
0.285	21336	2
0.290	28100	1
0.310	20000	1

Last trade - 15.59pm 03/05/2024 (20 minute delay)


Last 26.0¢			Change -0.015 ( 1.89 %)
Open	High		Low	Volume
27.5¢	27.5¢		25.0¢	111416
Last updated 15.57pm 03/05/2024 ?

MYE (ASX) Chart