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?
What are the odds MGX drops out of the S&P ASX300 this time...
-
- There are more pages in this discussion • 61 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MGX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
43.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $523.8M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.5¢ | 43.0¢ | $89.22K | 207.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1278 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 58576 | 4 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |