I struggle to understand what the market doesn't like here... at a guess, it is a) that the company is too difficult to "communicate with", since they don't need analysts in their pocket to raise new capital or prevent a hostile takeover and b) that there is caution as to whether hosting margins can be maintained in the face of competition.
The latter point will be the one to watch - although MAQ has to still be in a strong position, even if margins weaken. One thing the analysts may not be accounting for is that much of the voice revenue is "pass through" and therefore a reduction in voice revenue is of little concern vs increase in hosting revenue. Hosting requires capital and a return on capital (for competition) and is in a growth phase. Return on capital is not going to become uncommercial while demand is growing.
Having said that, I am disappointed that the price is not responding to positive developments and is well off the highs. I think it is worth more, but am cautious in the face of a market that doesn't agree.
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Last
$78.46 |
Change
-0.840(1.06%) |
Mkt cap ! $2.022B |
Open | High | Low | Value | Volume |
$79.60 | $80.14 | $78.01 | $2.399M | 30.42K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 3419 | $78.30 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$78.59 | 128 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 3419 | 78.300 |
1 | 12 | 78.250 |
1 | 148 | 78.110 |
2 | 128 | 78.040 |
4 | 187 | 78.000 |
Price($) | Vol. | No. |
---|---|---|
78.590 | 128 | 2 |
78.700 | 148 | 1 |
78.820 | 148 | 1 |
78.950 | 148 | 1 |
79.080 | 148 | 1 |
Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
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MAQ (ASX) Chart |