The Half Yearly result was slightly above the forecast of $21 million in the Dec downgrade and came in at $22.1 million or 5.3c per share for the half.
The good news is the ramp up to 3 mtpa in June which suggests the new rail wagons are imminent.
MGX should exceed the $37 million forecast full year profit and I hold confidently
Cheers
kawartha
profit upgrade
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Last
41.0¢ |
Change
-0.005(1.20%) |
Mkt cap ! $498.1M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 41.5¢ | 40.8¢ | $360.4K | 877.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 168024 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 80475 | 5 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MGX (ASX) Chart |