Hear what you're saying and have thought as much as well. Outlay proposed = <2.5% of cash held at the end of June qtr. Monies could contribute to a more significant dividend in NY 2016 ... maybe the investment will deliver a more substantive dividend, only time will tell! I believe (but don't know for sure) MLX is well ahead on its AZK investment ... is it a case of reinvesting what it's already made!? Don't really subscribe to there being a shift in the core business of the group. It is AZK that will be doing the work here on proving the technology. Note MLX has interests in another 1 or 2 listed companies in relation to which there is little ongoing info. Could be a good question for the company secretary ...
Hear what you're saying and have thought as much as well. Outlay...
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Last
46.0¢ |
Change
-0.020(4.17%) |
Mkt cap ! $412.4M | |||
| Open | High | Low | Value | Volume |
| 48.0¢ | 48.5¢ | 45.5¢ | $1.198M | 2.569M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 187005 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.0¢ | 8252 | 2 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| MLX (ASX) Chart |