Well, yes, but it has been trading in the wilderness for 5 years.
It is only now approaching its 'net tangible asset ' value, which would be over 30 cents. Basically its cash and written down truck value!
As a viable and quite predictable business, exceeding forecasts and posting increasing revenue and earnings for more than 5 years, I feel it is more a reflection of the shackles coming off in trading price.
With clear evidence of a track record of contract discipline, and lower capital requirements, I am seeing MAH now as a valuable cornerstone to my portfolio, still trading below fair value, thus continuing with a more modest annual share price appreciation, plus increasing franked dividends.
40 cents in 3 years, with around 5% ff divs, would reward.
Well, yes, but it has been trading in the wilderness for 5...
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Last
32.0¢ |
Change
-0.010(3.03%) |
Mkt cap ! $689.5M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 33.0¢ | 32.0¢ | $386.9K | 1.195M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 97081 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 125972 | 4 |
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| Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
| MAH (ASX) Chart |