I have been tossing up whether I should buy into this and I think I might buy a few. However the wide ranging price from $1.55 to $2 is a bit off putting so I may go in for a smaller position as it seems a little like gambling not having a narrower price range. Most analysts think it is a good deal around the $1.55 and not so good at $2 so if it lists at around $1.80 that may represent fair value. IMO retail and institutional investors are going to jump on board in a big way so the price is likely going to be pushed higher regardless of the fundamentals.
They key will be when you should sell if you are short-term to medium term investor; possibly within 3 to 6 months before any shocking financial come out and people get bored with MPL. If you are thinking long term I think there will be an opportunity to cut costs and maybe change management in the next few years as from what I am reading the current CEO has been there for well over a decade. George Savvides will be under the pump to increase profits and I can't see him staying too long if there is no plan to increase shareholder value.
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Last
$3.73 |
Change
-0.050(1.32%) |
Mkt cap ! $10.27B |
Open | High | Low | Value | Volume |
$3.79 | $3.81 | $3.73 | $33.27M | 8.877M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 359037 | $3.72 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.74 | 80738 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6000 | 3.710 |
2 | 9391 | 3.700 |
2 | 9101 | 3.690 |
2 | 6461 | 3.680 |
4 | 14441 | 3.670 |
Price($) | Vol. | No. |
---|---|---|
3.740 | 6391 | 1 |
3.750 | 7391 | 2 |
3.760 | 6391 | 1 |
3.770 | 6391 | 1 |
3.780 | 6391 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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