I think this result makes MCL substantially undervalued. Premium spirits brands have transacted for between 2.6 and 10 times sales in the past 5 yrars or so. It appears MCL have the smarts to swap from a beer and venues focus to the real hot zone in the craft drinks space being premium spirits.
Probably too small a business to be noticed as yet but a few more quarters like this and it should get a substantial re rating.I topped up on this
I think this result makes MCL substantially undervalued. Premium...
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Last
0.5¢ |
Change
-0.001(16.7%) |
Mkt cap ! $1.845M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.5¢ | $2.329K | 413.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1410510 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 67926 | 2 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
0.5¢ |
Change
-0.001 ( 16.7 %) |
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| Open | High | Low | Volume | ||
| 0.5¢ | 0.5¢ | 0.5¢ | 402000 | ||
| Last updated 11.53am 14/06/2024 ? | |||||
| MCL (ASX) Chart |