Not that I put a time frame on it, but my thoughts behind a $9 price target were that either:
a) The business scales up and MP1 gets to around a $1 billion valuation, or
b) The business begins accelerating in terms of revenues and a T/O bid is made at around that number.
I've had this number in mind for MP1 for quite some time, it's the first time I've really said it out loud though. Of course I could be completely wrong.
Ann: Market Update, page-14
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Last
$7.19 |
Change
-0.230(3.10%) |
Mkt cap ! $1.151B | |||
| Open | High | Low | Value | Volume |
| $7.42 | $7.42 | $7.16 | $7.598M | 1.045M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5705 | $7.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.25 | 3486 | 1 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| MP1 (ASX) Chart |