Hi All,
What are our expectations for the MGX half-year results?
Personally, I hope we see:
1) Large increase in NPAT. The company maintained unrecognised deferred tax assets of 84.4 million as at 30 June 2018. E&Y would surely be requiring the company to recognise these attributes given they are already burning through their tax losses and are just about to commence production from KI.
2) Cash balance around 430 million would be a great result but I think this may be lower given the annual dividend and cash flowing into the KI restart. I'm hoping they were able to get a few opportunistic low grade iron ore cargoes away from their Mid-West operations.
3) Some guidance on any potential acquisitions (e.g. what commodities they might be interested in investing in) or alternatively whether any capital management initiatives could be introduced pre election / changes to the franking regime.
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Last
36.0¢ |
Change
-0.015(4.00%) |
Mkt cap ! $424.9M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 38.5¢ | 36.0¢ | $7.676M | 21.28M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 101085 | 35.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 9762268 | 1 |
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| Last trade - 16.15pm 19/09/2025 (20 minute delay) ? |
| MGX (ASX) Chart |