The BoD and management at MLX have done all the preparation and assembled the ingredients to bake a lovely cakeHow do we get to eat it?
A share buyback - either on or off market - would further concentrate the influence of parties with links to Hong Kong , now part of China.( I doubt they would participate)
That combined with a CCP linked Tin company holding 50% of Bluestone is not a good look in the current geopolitical environment.
The BoD needs to ennunciate a capital management plans that includes a dividend component, unfranked if necessary, IMO.This would make MLX a yield play .
ATM there is a dearth of Australian funds interested in this stock despite the undeniably strong financials.
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Last
43.0¢ |
Change
-0.015(3.37%) |
Mkt cap ! $389.6M |
Open | High | Low | Value | Volume |
44.5¢ | 45.0¢ | 42.0¢ | $1.860M | 4.335M |
Buyers (Bids)
No. | Vol. | Price($) |
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7 | 165979 | 42.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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43.0¢ | 9999 | 1 |
View Market Depth
No. | Vol. | Price($) |
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5 | 81419 | 0.420 |
1 | 75000 | 0.415 |
2 | 60000 | 0.410 |
6 | 68639 | 0.405 |
9 | 185057 | 0.400 |
Price($) | Vol. | No. |
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0.435 | 62380 | 3 |
0.440 | 40416 | 2 |
0.450 | 30000 | 2 |
0.455 | 109500 | 2 |
0.460 | 75000 | 1 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
42.5¢ |
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Change
-0.015 ( 4.17 %) |
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Open | High | Low | Volume | ||
44.5¢ | 44.8¢ | 42.0¢ | 2056718 | ||
Last updated 15.59pm 03/05/2024 ? |
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