I just see it as squaring the books. i would like to think 25c will be the "floor" price for mlx now, and shouldnt go under. it depends how aggressive the buyback is. They can move the price more than 5% over the 5 day average. So at 25c they can go up 1c...at 30c as an average they can go up 1.5c..
It depends who is selling, as the shares if bought by mlx will not be put up for sale again...so to tradeyou wont want to sell and hope to buy cheaper, that may never happen for a while.
IMO all looks like a good start to new financial year.
I Added today at 24c...
I just see it as squaring the books. i would like to think 25c...
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Last
62.5¢ |
Change
-0.030(4.58%) |
Mkt cap ! $553.9M | |||
| Open | High | Low | Value | Volume |
| 66.0¢ | 66.0¢ | 61.0¢ | $2.280M | 3.628M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 86376 | 62.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.5¢ | 180867 | 5 |
View Market Depth
| Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
| MLX (ASX) Chart |