MYS 0.54% $3.74 mystate limited

I am surpised by the lack of interest in this stock . Looks like...

  1. 2,323 Posts.
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    I am surpised by the lack of interest in this stock .
    Looks like someone is building a position by pushing down the price with small amounts of stock.
    To put things in perspective as I see it.

    * The last dividend was stopped because the Board decided to maintain a strong capital position given the challenges and uncertainties that prevailed.
    * The Board expects barring unforeseen circumstances that it will pay a dividend for the period ending 31st December 2020.
    * Lets assume it's at the historical level then that's a 5.8% divy p.a plus franking ( Good probability that it will be higher )
    * Melos Sulicich has already stated "that the 1st quarter net profit after tax and before restructuring costs is up 21.7 % on pcp. "( uncertain as to how much the restructuring costs are ?)

    * That FUA had grown to $1.09b ( was previously $1.07b ) This should be a lot higher now given the market momentum . (more income.)
    * That lending and customer deposits are up for the 1st qtr
    *
    * He has also stated " That if the trend continues for the balance of the year, the full year result will likely be MATERIALLY ahead of last year "
    In my opinion this stock is well undervalued.
 
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Last
$3.74
Change
0.020(0.54%)
Mkt cap ! $413.6M
Open High Low Value Volume
$3.75 $3.77 $3.72 $251.0K 67.10K

Buyers (Bids)

No. Vol. Price($)
1 3215 $3.74
 

Sellers (Offers)

Price($) Vol. No.
$3.75 594 2
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
MYS (ASX) Chart
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