There is a complete lack of news about on MAH as to how the business is performing.
MAH appears undervalued (by a lot) but when margins are only 1-3% of revenues on contracts it doesn't take much to lose money.
The kick up in the share price coincides with the notice by Paradice Ivestments that it ceased to be a substantial shareholder on 16 Jan. It appears that the prior downward price pressure was due (in part at least) to them selling or at least the market knowing they were selling. Now Paradice have a very good reputation as canny investors so while the market has risen strongly since they they sold out I am a little concerned as to why they exited.
I'm sitting pat until there is further info.
There is a complete lack of news about on MAH as to how the...
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Last
28.0¢ |
Change
-0.010(3.45%) |
Mkt cap ! $603.3M | |||
| Open | High | Low | Value | Volume |
| 28.5¢ | 29.0¢ | 28.0¢ | $235.6K | 829.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 241114 | 28.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.5¢ | 208900 | 4 |
View Market Depth
| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| MAH (ASX) Chart |