There is a significant "if" hidden in your calculation. It assumes that buying back just over 90M shares will not lead to a corresponding increase in the share price, which implies the buyback has corresponded with a 10% decrease in the Market Cap. Markets are of course unpredictable, but assuming the buyback maintains the Market Cap you should factor in the SP rising to ~44.5c. Unless of course the only thing you are interested in is in dividend yield... in which case MLX is a very poor choice of investment!
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 (20min delay)
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Last
56.0¢ |
Change
0.010(1.82%) |
Mkt cap ! $496.3M | |||
| Open | High | Low | Value | Volume |
| 55.5¢ | 57.5¢ | 55.5¢ | $2.373M | 4.206M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13599 | 56.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 56.5¢ | 60000 | 1 |
View Market Depth
| Last trade - 16.10pm 16/06/2025 (20 minute delay) ? |
| MLX (ASX) Chart |