Mikro - I think you hit the nail on the head... the margins in M&G are huge. So every deal is money to the bottom line. They have a proven, patented product that is not capital intensive. They are not taking on hugley expensive distribution costs.
So even though this might only be worth a few million to ADO, its a few million profit (its not like we need to spend capex to get the product out of the ground!)
So earnings multiples can start.
I don't believe this is the annc we have all been waiting for (thats the exclusive IVD deal !!), but its a huge leap forward in their credentials and will only get more parties interested (hopefully with ink in their pen's).
Looking forward to the following weeks and months in ADO as I think their time has arrived - an overnight sucess over 10 years!!
GLA
Maddoc
news coming, page-114
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Last
2.1¢ |
Change
-0.001(4.55%) |
Mkt cap ! $51.83M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.2¢ | 2.1¢ | $14.69K | 692.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1113604 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 180000 | 1 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| ADO (ASX) Chart |