Vcat, what you mean by "cash flow was not strong". Operating Cash Flow was $24.9m and Free Cash Flow was $21m. That is a massive result for this company, with commendable management of their Working Capital position.
The resignation of the CEO certainly seems to have spooked the market. Although I would point to his Change of Director Interest filing 1 June 2016, where he purchased 1m shares on market at 94cps (which almost doubling his holding). Also, for what it is worth, he reaffirmed his commitment to his stake in MCP during the analyst briefing this morning as well.
Vcat, what you mean by "cash flow was not strong". Operating...
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Last
41.5¢ |
Change
0.005(1.22%) |
Mkt cap ! $59.73M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.5¢ | 40.0¢ | $58.38K | 142.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14012 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 29964 | 1 |
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| Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
| MCP (ASX) Chart |