Yes, it's boring and likely to be so for some time but if we get another 2c dividend for H2 it equates to a 9% return at current share price factoring in the imp cr. I am happy to be bored at that yield with the possibility of upside should oil price get back to its natural bottom of $70. Further to this it seems the current price is underwritten by the buyback policy with about 9mil to spend.
Would rather hold MCE under those circumstances than FMG at $1.84 with Herculean debt.
Yes, it's boring and likely to be so for some time but if we get...
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Last
32.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $71.35M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 105000 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 38966 | 1 |
View Market Depth
| Last trade - 16.12pm 03/07/2024 (20 minute delay) ? |
| MCE (ASX) Chart |
Day chart unavailable