even if an incoming government does repeal the FBT changes (if) the earnings this year and likely next are toast (don't forget, the co is effectively closed and its competitors are laying off people left right and centre)
theres no div this year either
so, you have EPS falling, you have major risk of not as many people taking up novated leases given the legislative risks, and then you have the one that no one wants to talk about which is the residual risk that MMS takes on the value of all the cars coming off lease
IMO you would be out of your mind to pay anything like 10x P/E fpor this stock given the massive risks its carries
Even if the earnings stay unchanged , then 10 x 80c = $8.00. Personally I might pay half that
This strength is nothing more than fund managers trying to prop the stock up into the end of the month so their numbers dont look so bad.
Does anyone on here seriously thing this stock gets back to $18 ? If you do I would be very interested in hearing why as I think my analysis is fairly sound though happy to hear otherwise
tx - DYOR
no brainer, page-11
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MMS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$17.35 |
Change
-0.070(0.40%) |
Mkt cap ! $1.208B | |||
| Open | High | Low | Value | Volume |
| $17.38 | $17.50 | $17.31 | $1.398M | 80.44K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 498 | $17.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.37 | 65 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| MMS (ASX) Chart |