Current SP could be explained by a re-rating in one of two forms. The first of these could be applying a 25x multiplier to the annualised H2-16 eps result. So 0.53 c times 2 x 25 = 26.5 c.
Alternatively, could be full year eps of 1.26 c times a reduced multiple of 20 given investor sentiment which equals 25.2 c.
Accept that tech stocks have all recently corrected, but MBE's fall started 9 Aug whereas others only happened October. I am great believer market always gravitates to a consistent multiplier of eps. Growth and expansion quite often lifts the multiplier for a period.
Moosie, agree with yr comment about news required with AGM. Any bad news will see MBE back in the teens.
Rokewa
- Forums
- ASX - By Stock
- IMS
- Technical Analysis of MBE
Technical Analysis of MBE, page-22
-
- There are more pages in this discussion • 159 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IMS (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online