I'm going to napkin doodle a few numbers for my own (and hopefully your) entertainment:
MLX are currently making ~A$25m profit a quarter
there are 65 working/trading days in a quarter (ignoring public holidays etc.)
thus MLX are making just under A$385,000 a day
The total value of the buyback to date excluding yesterdays purchase was A$374,198... less than one day's profit
Yesterday's purchase (at up to 40c, let's not ignore the positives!) of A$53,698 represents ~14% of that days cash build
If we were hoping the buyback might direct some of the cash pile to us via the SP, well at the current rate it will be a long wait! MLX is still amassing cash much, much faster than it is returning it.
Ann: Update - Notification of buy-back - MLX, page-3
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Last
45.0¢ |
Change
-0.005(1.10%) |
Mkt cap ! $403.4M | |||
| Open | High | Low | Value | Volume |
| 44.5¢ | 45.0¢ | 43.5¢ | $545.3K | 1.222M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30000 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 369440 | 6 |
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| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| MLX (ASX) Chart |