I can see why you might consider MFG's valuation is lofty, but I can't understand how you can value Bitcoin so as to even make a comparison. As far as I can see owning a Bitcoin does not carry with it an underlying right to share in a business or its profits. It is more akin to holding a bar of gold where you hold it purely in the belief that the next person will want to pay more than you have for it. I would love to know how you do value Bitcoin and have assessed it to now be good buying, since I am unable to work out how you go about valuing it.
FY18/19 results thread, page-10
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Last
$9.95 |
Change
-0.070(0.70%) |
Mkt cap ! $1.779B | |||
| Open | High | Low | Value | Volume |
| $10.04 | $10.13 | $9.92 | $3.725M | 372.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2494 | $9.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.00 | 45242 | 13 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| MFG (ASX) Chart |