Renison produced ebit of $12.9m in the March quarter with net cashflow of $10m. June was quite a bit less than that, however, it is obvious to me that Renison can produce cashflow upward of $50m a year for MLX, given their plans. This belies completely the current market cap, assuming Nifty covers itself by the March 2020 as is the plan. Cheap as chips!
MLX Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
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