Firstly if you look through the posts on here you will see I have been a big supporter for some time like yourself and like yourself I bought at 25 cents and have averaged down to 19.5 cents overtime.
I guess my point is very few on here would be in at 14 cents so the return 114% you mention if we were to get there is probably not accurate for most of us.
Batu extension is due FY 22, disappointing that 2 days out we still don't have it as it's been pushed out multiple times now, without that the order book is set to decrease significantly over the next couple of years.
Dividends are what drive the sp of a company like MAH the sp is aligning to them, the turnover has doubled over the last five years and yet the sp is down 10% from 2018 that's a pretty sorry story from any investors POV.
I think it's fair to question management they do have a responsibility to shareholders and not delivering on announcements like Batu is a fail, also tendering for contracts that don't factor in capital expenditure which means small dividends for shareholders is also a fail.
Sure expansion is great and most investors would be happy with some short term pain for long term gain but small dividends and a drop in sp over five years is just not sustainable for any investor.
Yes I expect a turnaround the same people who have churned it down over the last 2 years will churn it up again enlist some good financial commentators to promote MAH and cash out at the expense of new retail investors who will be stuck like most of us as it drops again.
MAH management have no influence on the sp as the great story just doesn't deliver you have to play the game rightly or wrongly to protect your shareholders consecutive quality announcements have done nothing they have to do more that's just how it is.
It's called investor relations.
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Last
33.0¢ |
Change
0.010(3.13%) |
Mkt cap ! $711.1M |
Open | High | Low | Value | Volume |
32.0¢ | 33.0¢ | 32.0¢ | $365.6K | 1.122M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 159282 | 32.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.0¢ | 397192 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 159282 | 0.325 |
4 | 267331 | 0.320 |
5 | 299918 | 0.315 |
1 | 70970 | 0.310 |
2 | 10001 | 0.305 |
Price($) | Vol. | No. |
---|---|---|
0.330 | 397192 | 5 |
0.335 | 588461 | 9 |
0.340 | 454691 | 8 |
0.345 | 43985 | 2 |
0.350 | 402000 | 7 |
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