Its an urban myth that a company should trade at least at its cash backing. That completely ignores any risk. The fact that it is trading below cash backing tells you a heap about the risks the markets sees in this company.
The best and easiest way for shareholders to get value out of MGX's cash holding is via a capital return and/or special divvy.
Its an urban myth that a company should trade at least at its...
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 (20min delay)
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Last
30.5¢ |
Change
0.010(3.39%) |
Mkt cap ! $365.5M | |||
| Open | High | Low | Value | Volume |
| 29.5¢ | 30.5¢ | 29.5¢ | $42.02K | 139.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 104867 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 355340 | 6 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
