Agree with your approach plich. Cyan's bid effectively values MMA's fleet at ~1x replacement cost - a total steal.
Hopefully the takeover battle sheds light on this company and we can get some institutional capital onto the register. It's still trading at such a cheap valuation despite the takeover offer.
CYAN offer destined to fail, page-3
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Last
$2.64 |
Change
0.000(0.00%) |
Mkt cap ! $1.000B | |||
| Open | High | Low | Value | Volume |
| $2.64 | $2.65 | $2.63 | $6.136M | 2.330M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 76777 | $2.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.64 | 51128 | 3 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| MRM (ASX) Chart |