What are the odds MGX drops out of the S&P ASX300 this time around? My broker announced a few hours ago they are increasing margin requirements for MGX. That might prompt a bit of hasty selling as well. Bad week or two ahead, perhaps?
With 31c of cash per share, and a very conservatively-estimated $1 of cashflow from KI ($1.25 isn't hard to imagine, and it'd be nearly $2 at today's prices), MGX is well undervalued in my view. But if you wanted a bit more, might be best to wait a little.
Hold, or buy on any weakness.
Competing views, anyone?
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Last
34.5¢ |
Change
0.005(1.47%) |
Mkt cap ! $414.2M |
Open | High | Low | Value | Volume |
34.0¢ | 34.5¢ | 33.5¢ | $237.0K | 699.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 138364 | 34.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
34.5¢ | 234270 | 29 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 139547 | 0.340 |
10 | 363676 | 0.335 |
14 | 203441 | 0.330 |
6 | 161919 | 0.325 |
5 | 177950 | 0.320 |
Price($) | Vol. | No. |
---|---|---|
0.345 | 234272 | 28 |
0.350 | 151408 | 10 |
0.355 | 83283 | 3 |
0.360 | 120652 | 6 |
0.365 | 40000 | 1 |
Last trade - 15.08pm 09/08/2024 (20 minute delay) ? |
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