MYG 0.74% 68.5¢ mayfield group holdings limited

i dont think myg is being played withits in a long term down...

  1. 107 Posts.
    i dont think myg is being played with
    its in a long term down trend cause people are clearly struggling to value it - understandably

    we need funding - only way we can get to prodction is if the banks are in the mood
    for banks to be in the mood, economy needs to stay afloat and avoid recession
    but at same time high POG needs economy to be shaky

    so for deflector to be profitable, need economy to be wobbly but not too much
    we are walking the tight-rope
    market clearly does not believe JG can secure funding
    but if/when they do - SP will catch fire

    Im betting/hoping it will

    I would like to see JG just try something different though to arrest the SP trajectory - we need higher SP to offer other funding options should Banks baulk...CRs at these prices would dilute us to oblivion

    perhaps a capital consolidation would give us tighter register - less shares and less traders at higher SP(worked for DRA)
 
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Last
68.5¢
Change
0.005(0.74%)
Mkt cap ! $62.65M
Open High Low Value Volume
68.5¢ 68.5¢ 68.5¢ $2.348K 3.428K

Buyers (Bids)

No. Vol. Price($)
2 11000 68.0¢
 

Sellers (Offers)

Price($) Vol. No.
69.0¢ 25476 1
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Last trade - 13.10pm 18/10/2024 (20 minute delay) ?
MYG (ASX) Chart
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