I think the most interesting thing about the transaction is that Mojo elected to take their payment with the maximum amount of MTO shares they could get. Not only that, they elected to buy more shares on market after the deal.
We also have MTO senior management buying more shares after the acquisition and following the HY report.
Not sure how many more positive sign posts you could want. Market certainly agrees with you TLS351, hence the sell down. Seems to be a lot of reasons to think the market could be wrong though and the current valuation you pay to make that bet is very asymmetric imo.
Ann: MTO FY23 Interim Results Presentation, page-23
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Last
$1.31 |
Change
-0.010(0.76%) |
Mkt cap ! $96.31M | |||
| Open | High | Low | Value | Volume |
| $1.31 | $1.34 | $1.31 | $7.832K | 5.951K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 13203 | $1.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.35 | 3065 | 1 |
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| Last trade - 15.40pm 02/08/2024 (20 minute delay) ? |
| MTO (ASX) Chart |