I think we need to be careful using the PE as a guide to how "cheap" MNY is. I've been watching MNY for a while now and the price is pretty much linked to the book value / size of the loan book (as you would expect). MNY fluctuates between approx 80%-120% of the loan book value. If you take now as an example, the loan book is $351.9m and the market cap is around $351.6M so pretty much 1-1. When you track this over time, you'll also see the market cap of MNY increasing proportionally to the loan book growth. Considering the ROA MNY generates of approx. 12% then all this seems pretty reasonable. A PE of 15 would have MNY at around $2.95 and 1.5x the loan book value which I think would be overvalued as it will dilute that ROA pretty significantly.My strategy for MNY is pretty simple. If it gets to 80% or less of the book value I buy more.
- Forums
- ASX - By Stock
- SVR
- Ann: MNY enters NZ Market and exits SACC with sale for $46m
Ann: MNY enters NZ Market and exits SACC with sale for $46m, page-15
-
- There are more pages in this discussion • 9 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 SVR (ASX) to my watchlist
|
|||||
Last
$1.15 |
Change
0.000(0.00%) |
Mkt cap ! $239.5M |
Open | High | Low | Value | Volume |
$1.16 | $1.18 | $1.15 | $392.6K | 338.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6000 | $1.15 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.16 | 44719 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6000 | 1.145 |
3 | 4358 | 1.140 |
1 | 881 | 1.135 |
3 | 10233 | 1.130 |
3 | 14017 | 1.120 |
Price($) | Vol. | No. |
---|---|---|
1.155 | 44719 | 1 |
1.175 | 2500 | 1 |
1.180 | 25361 | 1 |
1.185 | 2000 | 1 |
1.205 | 2791 | 1 |
Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
Featured News
SVR (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online