What I don't understand is MPL was trading around $2.92 before losing the Garrison contract.
After losing this contract (which is only a low-to-mid single digit decline in EBITDA), the share price fell to $2.33.
After announcing a 3.3% increase in premiums (plus quietly eliminating extras benefits), the share price recovered. But this decision in fact increases EBITDA far greater than the loss of any Garrison contract.
MPL should be trading above $3 (which is kinda what I'm expecting on Friday).
What I don't understand is MPL was trading around $2.92 before...
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Last
$3.86 |
Change
0.030(0.78%) |
Mkt cap ! $10.63B | |||
| Open | High | Low | Value | Volume |
| $3.82 | $3.87 | $3.81 | $4.532M | 1.179M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 48 | 86056 | $3.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.87 | 77253 | 40 |
View Market Depth
| Last trade - 11.41am 30/07/2024 (20 minute delay) ? |
| MPL (ASX) Chart |