I don't want to inflame any RAP holders and say MDR is a 100% peer because they're not. However most would consider the two as "e/tele-health" style companies as broad sector peers, on an exchange bereft of much in that way.
RAP reached a max mc of ~$180M.
If we do the comparison:
MDR has 686M fpo on issue.
180M / 686M = 26c (7.5x current price)
Even if it only does half as well as RAP, that's 13c or 333% return from 3c.
Guessing the trigger point is the mission, as some have alluded to and agree it could involve an international Ann, or perhaps a big partnership Ann or even a very strong revenue qtr.
I also think these big runs tend to roughly coincide with CR, allowing mgmt to raise into significant price strength and reduce dilution.
Please don't take any of the above as a price target and dyor. Just doodling the possibilities, which I think are more than achievable.
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Last
30.0¢ |
Change
0.010(3.45%) |
Mkt cap ! $215.0M |
Open | High | Low | Value | Volume |
29.0¢ | 30.0¢ | 27.5¢ | $254.8K | 889.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 39326 | 30.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
30.5¢ | 2917 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15939 | 0.335 |
3 | 26030 | 0.330 |
1 | 100000 | 0.325 |
4 | 89161 | 0.320 |
2 | 29526 | 0.315 |
Price($) | Vol. | No. |
---|---|---|
0.360 | 24455 | 1 |
0.380 | 50000 | 1 |
0.385 | 100000 | 1 |
0.390 | 54500 | 1 |
0.395 | 10000 | 1 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
MDR (ASX) Chart |