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0.58%

85.5¢ midway limited

will track on fintwit but I think the key will be the...

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33

25/03/22

21:47

Post #: 60434540
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Originally posted by dabozza: ↑

The share price movement has zero to do with this international contract announcement.

In 2021, Midway announced the 2H22 (January-June 2022) contract negotiations at US$180, an increase from US$165. This announcement is for all of 2022 (including July-December 2022) at the same price, *despite* the higher spot market on the Shanghai's futures exchange. Another feather in the cap for Midway's marketing team. I don't see why the stock price would move up on this news to be honest.

Meanwhile, for those on FinTwit, there is a robust discussion going on about the valuation of Midway in a special situation / takeover bid. The net tangible assets are being debates, as well as the discount when the share price was <90c. The catalyst being discussed is the change in management, and the interest in potentially selling the whole company rather than just the plantation REIT. This perhaps went more mainstream yesterday afternoon, and so I wouldn't be surprised if the late afternoon interest was from people following that conversation.

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will track on fintwit but I think the key will be the agriculture / land thematic plus also the level of potential bid interest - certainly some interesting conditional tailwinds despite pricing being as expected.

MWY Price at posting: $1.03 Sentiment: Hold Disclosure: Held
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(20min delay)
Last 85.5¢		Change -0.005(0.58%)		Mkt cap ! $74.67M

Open	High	Low	Value	Volume
86.0¢	88.0¢	85.0¢	$465	543

Buyers (Bids)

No.	Vol.	Price($)
1	3600	85.0¢

Sellers (Offers)

Price($)	Vol.	No.
88.0¢	822	1

View Market Depth

No.	Vol.	Price($)
1	3600	0.850
1	11900	0.840
1	20000	0.815
1	6200	0.805
3	7100	0.800

Price($)	Vol.	No.
0.880	822	1
0.900	7400	2
0.920	10000	1
0.930	5873	1
0.935	6900	1

Last trade - 15.59pm 03/10/2024 (20 minute delay)

MWY (ASX) Chart