My quick calcs suggest if EBITDA rises from $14M to $20M, then NPAT is likely to raise from $9M to say $12.3M
But due to the Cassons raising and the big increase in shares on issue from 38 million to 62 million , EPS will fall from $0.24 to $0.20 per share.
So MTO is trading on a PE 16 right now. Perhaps further downside if the sector gets a 'low growth' tag.
So, as we speak, Cassons has provided business scale, but little value to existing shareholders.
Because of the expansion in share base since listing, I think MTO has lost some of its early gloss and I am reviewing my holding.
Gosouth
Ann: Trading Update, page-5
-
- There are more pages in this discussion • 2 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 MTO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.32 |
Change
-0.010(0.75%) |
Mkt cap ! $97.42M | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.33 | $1.28 | $41.21K | 31.64K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 769 | $1.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.32 | 12764 | 1 |
View Market Depth
| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| MTO (ASX) Chart |