What's also interesting is their profile : looking at the last 18 months, the company has not been growing its top line, just a large improvement of its margin.
In fact, their profile looks quite similar to Southern Cross Electrical (SXE) which struggled to grow until the start of H2 24. Since March 24, SXE has announced 3 major contracts :
- 20/3/24 : data centre and resource awards over 70 m$,
- 16/4/24 : data centre and building award circa 50 m$,
- 2/5/24 : "announcement of a material project award". Apparently, this contract is expected to be over 100 m $ (cf SXE threads).
So, I don't see any major reason why MYG would not benefit from such a trend.
In fact, there has been a large improvement for MYG which work in hand has more than doubled between Oct 23 and March 24.
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MYG
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$1.10

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Last
$1.10 |
Change
-0.005(0.45%) |
Mkt cap ! $102.1M |
Open | High | Low | Value | Volume |
$1.10 | $1.13 | $1.10 | $12.65K | 11.39K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 16223 | $1.07 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.13 | 998 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 16223 | 1.070 |
1 | 5468 | 1.060 |
1 | 27534 | 1.050 |
1 | 15000 | 1.030 |
1 | 15323 | 1.020 |
Price($) | Vol. | No. |
---|---|---|
1.125 | 998 | 1 |
1.240 | 2652 | 1 |
1.335 | 2800 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
Last trade - 15.20pm 29/07/2025 (20 minute delay) ? |
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MYG (ASX) Chart |