The increasing value metrics can't be denied forever, I think a decent run is imminent now.
Unbelievably in my opinion a Morningstar quantitative report on MGX which is available on westpac broking, rated it overvalued on 18/11/17.
It's since been changed to fairly valued on 30/11/17.
Another concenses rates it a moderate buy.
Can't imagine much effort could have been put into research with an opinion like that.
Did they check the bank balance for starters?
MGX Discount to cash, page-41
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Last
30.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.5¢ | 29.5¢ | $170.6K | 567.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15031 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 211701 | 3 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
