the buyback benefits shareholders who stay with MGX for the long term. They buy out shareholders who want to leave for cheap price, no different to how we want to buy shares at cheap price. At the end, staying shareholders will get fatter dividends.
So can't fault them for doing that. But I've sold part of my MGX position cuz I have better opportunities elsewhere and not seeing myself holding MGX shares at the opportunity costs of other better investments.
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Last
37.5¢ |
Change
-0.005(1.32%) |
Mkt cap ! $442.6M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 38.5¢ | 37.5¢ | $419.7K | 1.105M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 278233 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 1830088 | 6 |
View Market Depth
| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| MGX (ASX) Chart |