According to CommSec MLX has 9.2% Debt to Equity ratio. I have observed this number since the SP=21cents down to 10cents this figure were never changed. The Ann announce we have $35Mil debt to Citibank. I guess our real asset must be
9.2% of X = $35Mil. X present MLX Asset base on equity book.
Hence X=$32Mil/9.2% Therefore X=$347.82Mil. The capital market value is ridiculously cheap. It's no where near or tangible to the asset value.
Are there any Einstein here explain to me like a child why is it so cheap or no where near the tangible value. Am I missing something?
According to CommSec MLX has 9.2% Debt to Equity ratio. I have...
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Last
43.0¢ |
Change
0.015(3.61%) |
Mkt cap ! $387.4M | |||
| Open | High | Low | Value | Volume |
| 42.0¢ | 43.0¢ | 42.0¢ | $726.1K | 1.706M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 165648 | 42.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.0¢ | 9704 | 8 |
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| Last trade - 12.31pm 29/07/2024 (20 minute delay) ? |
| MLX (ASX) Chart |