Cabcharge trades on 7.5x earnings. MMS should maybe do the same, which on a reported basis puts it as $6. If you think it could trade at say 1.5x book value then $3.50 is probably about right ... its hard though because 75% of the earnings could disappear.
If the banks pull the companies funding lines then it arguably looks a lot worse
Just hard to come up with the number it should trade at
Ann: Half Year Results Presentation , page-34
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Last
$16.07 |
Change
-0.040(0.25%) |
Mkt cap ! $1.119B | |||
| Open | High | Low | Value | Volume |
| $16.14 | $16.29 | $16.06 | $3.754M | 232.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1581 | $16.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.17 | 1843 | 1 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| MMS (ASX) Chart |