Wow, that's a big call. Sure your calculator isn't broken? ;)
If MQG reaches $7, I guess that would put the book value at around 1.96 Billion (current book value around 8 Billion I think).
What information and reasoning are you using to conclude that there'll be a further 75%, 6 billion dollar, deteriation in asset values? And a target is no use without a timeframe you know! When do you think the price will reach $7? One year? Five years?
I assume you've read the 87 page Operational Briefing released on 5 Feb 2009. Which parts do you think are inaccurate in forecasting the financial prospects of the company?
Z
forget 10 my target is 7 now, page-2
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Last
$201.70 |
Change
1.990(1.00%) |
Mkt cap ! $76.98B | |||
| Open | High | Low | Value | Volume |
| $203.01 | $204.31 | $201.40 | $102.8M | 507.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 310 | $201.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $201.90 | 2241 | 1 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| MQG (ASX) Chart |