One of the interest of Mayfield (MYG) : the stock will be ex dividend on Friday.
It will pay a total dividend of 6.3 c (share price : 95 c).
One possibility is that the stock rapidly catch up on this dividend given the stock's valuation.
It corresponds to the kind of stock I am looking : high free cash flow yield and real potential of top line growth (driven by a macro element, electrification).
Of course, we have to wonder why the stock looks so cheap. It seems to be due both to the fact that it is a microcap, which has disappointed the market twice since FY 22 (loss in FY 22 and results lower than expected in FY 24). Every time due to its telecom business.
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Ronald Miller, Non-Executive Director
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