I've been over the books and I can't for the life of me see why you would sell it at these prices. Although I can understand if you're after growth (one of the main reasons for investing) MRL doesn't have much of that at this point in time. But cashflow strong, debt reduced and sales are up (if only by a small amount) over the past 4 months. Is there something they're not telling the market?
In relation to other posts on the website I disagree that dividends will be cut. I might have egg on my face soon but going on the figures I see the capacity exists to continue payments.
I've been over the books and I can't for the life of me see why...
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Last
30.0¢ |
Change
0.005(1.69%) |
Mkt cap ! $123.3M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.0¢ | 30.0¢ | $32.72K | 109.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2006 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 27482 | 1 |
View Market Depth
| Last trade - 11.41am 04/12/2024 (20 minute delay) ? |
| MRL (ASX) Chart |
