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
32.0¢ |
Change
-0.005(1.54%) |
Mkt cap ! $389.5M | |||
| Open | High | Low | Value | Volume |
| 32.5¢ | 32.5¢ | 31.0¢ | $500.4K | 1.571M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 107146 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 60553 | 2 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| MGX (ASX) Chart |