Below is an extract of latest FP's newsletter -
"The company is currently trading on a very modest price-earnings multiple of less than five times forecast 2009 earnings, falling to a multiple of less than 2.5 times 2010 earnings."
By losing 30% of its market cap today, the pe ratio may be down to below 4 for 09, and below 2 for 2010 - which is absolutely dead cheap. Provided volume and price don't change.
oh oh, page-15
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Last
33.3¢ |
Change
0.003(0.76%) |
Mkt cap ! $401.7M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 33.5¢ | 33.0¢ | $35.19K | 106.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 282258 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 181340 | 24 |
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| Last trade - 12.09pm 16/10/2024 (20 minute delay) ? |
| MGX (ASX) Chart |