I reached out to the company on Friday, but am yet to receive a response.
It would not be normal procedure to address a broker report, but I think an exception should be made in this situation, specifically with regards to the portion of the note in which MCQ speculate on the timing of updates.
The contents of the remainder of the note remain up for scrutiny. MCQ argue pricing pressure, in-sourcing, rising competition and advancements in SSL based on conversations with industry-participants and APX argue cyclicality of earnings, reprioritisation of projects due to regulatory scrutiny and re-investment to retain a market-leading position.
Will be interesting to see if the previous low of $8.45 is tested.
Management, page-2
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Last
60.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $136.7M | |||
| Open | High | Low | Value | Volume |
| 61.5¢ | 62.0¢ | 60.0¢ | $815.6K | 1.340M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 366847 | 60.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.5¢ | 38585 | 7 |
View Market Depth
| Last trade - 10.50am 07/05/2024 (20 minute delay) ? |
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Last
60.5¢ |
Change
0.000 ( 1.24 %) |
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| Open | High | Low | Volume | ||
| 62.0¢ | 62.5¢ | 60.3¢ | 320606 | ||
| Last updated 11.08am 07/05/2024 ? | |||||
| APX (ASX) Chart |