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.
New to MYE. Not (yet) held. Bear with me, still going through...
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Last
17.8¢ |
Change
-0.003(1.39%) |
Mkt cap ! $54.40M | |||
| Open | High | Low | Value | Volume |
| 17.8¢ | 17.8¢ | 17.8¢ | $4.438K | 25K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 25000 | 1 |
View Market Depth
| Last trade - 14.05pm 23/08/2024 (20 minute delay) ? |
| MYE (ASX) Chart |