Yes, it's boring and likely to be so for some time but if we get another 2c dividend for H2 it equates to a 9% return at current share price factoring in the imp cr. I am happy to be bored at that yield with the possibility of upside should oil price get back to its natural bottom of $70. Further to this it seems the current price is underwritten by the buyback policy with about 9mil to spend.
Would rather hold MCE under those circumstances than FMG at $1.84 with Herculean debt.
Ann: Order Book Update, page-17
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Last
23.0¢ |
Change
-0.005(2.13%) |
Mkt cap ! $72.45M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.5¢ | 22.0¢ | $55.45K | 242.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 113179 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 28075 | 2 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| MCE (ASX) Chart |
