I'm kind of surprised we are not getting any kick here. The numbers look pretty damn good to me. If we assume that the earnings performance stays the same the rest of the year, then we have 280 million total for renison in terms of earnings. That's 140 million to mlx (50% stake). Commbank tells me the market cap for mlx is sitting at 327 million. So that means the P/E ratio is 2.33. I mean wtf??? Is there something I am not getting or a false assumption that I am making? PLease feel free to correct me if I am wrong.....
Ann: Quarterly Activities Report, page-7
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Last
47.0¢ |
Change
-0.010(2.08%) |
Mkt cap ! $421.4M | |||
| Open | High | Low | Value | Volume |
| 48.0¢ | 49.3¢ | 46.5¢ | $1.229M | 2.586M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 84330 | 46.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.5¢ | 375 | 1 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| MLX (ASX) Chart |