Got to disagree with your thoughts on the buyback.
It was started when the price was 29c but while we have had significant growth to 46c is the stock now "less cheap". The tin price has moved significantly to the point where the share price I believe is reflecting the increased profitability. So just as the EV was low based on earnings at 29c it's now low on earnings at 46c with a tin price at $34k and trending up.
Now it appears that MLX agree with you, not me with them only buying at pre-approved limits which seems absolutely ridiculous to me. Shareholders were demanding a capital return framework which we got and which hasn't been implemented virtually at all. We are likely earning significantly more profit than when the buyback started and with copper prices and CYM price we are more likely to get a good return for the CYM con notes. If they don't like the BB then give a dividend. It feels somewhat like we are back where we started.
Keep posting your buys and sells. Your knowledge makes your posts influential to others.
Got to disagree with your thoughts on the buyback.It was started...
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Last
39.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $357.9M | |||
| Open | High | Low | Value | Volume |
| 39.5¢ | 39.5¢ | 38.5¢ | $618.4K | 1.579M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 143887 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.5¢ | 6251 | 2 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
40.0¢ |
Change
0.000 ( 1.37 %) |
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| Open | High | Low | Volume | ||
| 39.0¢ | 40.0¢ | 38.8¢ | 923266 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| MLX (ASX) Chart |