Update excitement over ….share price probably drift back below $1 now ..bugger
I know you don't believe that W69. Slap a forward P/E of 10 on it and let's settle for a $1.15 sp while we wait to see how the x-mas trading goes for Aus/NZ coming out of lockdown.
Then when the trading update comes confirming that it was record x-mas trading for the company and profits will be at least on par with last year i.e. AU$45m. The market must finally re-rate them with a forward P/E of 13 and we land at $1.60 sp sometime next year
I know you don't believe that W69. Slap a forward P/E of 10 on it and let's settle for a $1.15 sp while we wait to see how the x-mas trading goes for Aus/NZ coming out of lockdown.
Then when the trading update comes confirming that it was record x-mas trading for the company and profits will be at least on par with last year i.e. AU$45m. The market must finally re-rate them with a forward P/E of 13 and we land at $1.60 sp sometime next year
On a PE of about 13 now adjusted normalised earnings
At the top of every bubble, everyone is convinced it's not yet a bubble.
On a PE of about 13 now ……adjusted normalised earnings
You're being far too bearish W69. Who knows what normalised earnings are?
One thing I do know is you cannot simply take $15m subsidies off last years NPAT figure and arrive at $30m.
MHJ in the past have made more than $30m when doing $550m+ revenue and that's on worse margins.
Analyst's say about $40m npat for the next 3 years.
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Originally Posted by winner69
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