I agree with the company that a buyback below 40c is good for the long term.
I do not want the share price above max price, such that my mlx position looks better in my portfolio but the buyback doesn't happen. I get that some will want the comfort of a buyback at 40 or lower. I'm here for long term gains, not short term appearances or feelings.
In fact, I'd prefer mlx price down as tin price up - even better for the buyback.
Let's think of a hypothetical. -I'd prefer the share price 39c until 30 June 2025 and buyback when they can. -I would much prefer that to the share price of 41c until 27 June 2025 and they do no buybacks, and it drops to 39c on 30 June 2025. Everyone would feel better for all but one day, but no buyback.
MLX Price at posting:
41.0¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)