The Market has already incorporated the cash level into MGX's PE ratio, I think the logic to assume constant PE after capital structure rearrangement that boosted EPS is flawed.
Just like taking over a low PE company to enhance EPS (doing maths games) is no way to create shareholder value.
the case for a buyback, page-11
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Last
36.5¢ |
Change
-0.005(1.35%) |
Mkt cap ! $444.6M | |||
| Open | High | Low | Value | Volume |
| 36.5¢ | 37.0¢ | 36.3¢ | $280.0K | 764.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 69090 | 38.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 14457 | 3 |
View Market Depth
| Last trade - 15.59pm 25/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |