The BoD and management at MLX have done all the preparation and assembled the ingredients to bake a lovely cakeHow do we get to eat it?
A share buyback - either on or off market - would further concentrate the influence of parties with links to Hong Kong , now part of China.( I doubt they would participate)
That combined with a CCP linked Tin company holding 50% of Bluestone is not a good look in the current geopolitical environment.
The BoD needs to ennunciate a capital management plans that includes a dividend component, unfranked if necessary, IMO.This would make MLX a yield play .
ATM there is a dearth of Australian funds interested in this stock despite the undeniably strong financials.
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Last
35.5¢ |
Change
0.010(2.90%) |
Mkt cap ! $322.0M |
Open | High | Low | Value | Volume |
34.0¢ | 36.0¢ | 34.0¢ | $801.8K | 2.279M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 150000 | 34.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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36.0¢ | 564349 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 150000 | 0.345 |
3 | 30048 | 0.340 |
5 | 324698 | 0.335 |
7 | 158933 | 0.330 |
3 | 191000 | 0.325 |
Price($) | Vol. | No. |
---|---|---|
0.360 | 564349 | 6 |
0.365 | 143366 | 4 |
0.370 | 115585 | 4 |
0.375 | 106700 | 4 |
0.380 | 319355 | 8 |
Last trade - 16.10pm 29/03/2024 (20 minute delay) ? |
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Last
35.5¢ |
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Change
0.010 ( 2.90 %) |
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Open | High | Low | Volume | ||
34.5¢ | 36.0¢ | 34.5¢ | 427608 | ||
Last updated 15.58pm 29/03/2024 ? |
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