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AGO

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4.5¢ atlas iron limited

Will FMG make a bid tomorrow?, page-29

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saracenm

760 Posts.

120

19/06/18

21:06

Post #: 33810207

Originally posted by Bones322 ↑

P/B values of MIN the last 3 years

Column 1 Column 2 Column 3 Column 4

1 year 2015 2016 2017

2 equity $ 1,082,000,000 $ 1,008,000,000 $ 1,132,000,000

3 share capital 188000000 187000000 187000000

4 book value p/s $ 5.76 $ 5.39 $ 6.05

5 share price $ 6.60 $ 8.13 $ 10.85

6 P/B ratio 1.15 1.51 1.79

share price is has been running away from the book value per share over the last 3 financial years.
there are plus and minuses to high PB
plus: growth confidence in company
minus: share price could tank on negative announcement

IMO i dont want shares in a company that is that over valued.
good luck to CE but if you win im out!

Expand

But again, markets don't price stocks directly off book value.

Its not the size of your assets, it is what you do with them.

AGO Price at posting: 4.4¢ Sentiment: Hold Disclosure: Not Held

Upvote

0 Great analysis

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Add AGO (ASX) to my watchlist

	Column 1	Column 2	Column 3	Column 4
1	year	2015	2016	2017
2	equity	$ 1,082,000,000	$ 1,008,000,000	$ 1,132,000,000
3	share capital	188000000	187000000	187000000
4	book value p/s	$ 5.76	$ 5.39	$ 6.05
5	share price	$ 6.60	$ 8.13	$ 10.85
6	P/B ratio	1.15	1.51	1.79

Will FMG make a bid tomorrow?, page-29

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