Fundamentally sound ROE 5.6 therefore profitable Price to Book Ratio is $1.24 ( under valued at 90c) debt to equity is Zero ( could aford 20% more debt ) EPS growth at 2.2% pa ( needs to be 10% plus )
RSI (14) 44.9 MACD set to return to Bullish
Revenue from ordinary activities Up 23% to $233.7m Profit from ordinary activities after tax Up 1,389% to $39.3m Profit for the period attributable to owners of the parent Up 1,390% to $39.7m
Dividends (distributions) No dividend is payable in relation to this period
**Note MRE paid a capital return in 2009/2010 to holders because of strong cash position.
The Financial Statements comply with Australian equivalents to the International Financial Reporting Standards (A-IFRS) NTA Backing
Net tangible asset backing per share 30 June 2010 0.78
30 June 2009 0.70
Minara Resources Limited?s principal activity is a 60% shareholding in, and management of, the Murrin Murrin Nickel/Cobalt Project Joint Venture Please refer to the commentary included in the Directors? Report for an explanation of results. This interim
Tueasday 18 Jan 2011 65 buyers for 750,856 units
128 sellers for 1,883,318 units
The management are a bit sleepy at the wheel! Ahhh but thats how it goes!lol,,
MRE Price at posting:
92.0¢ Sentiment: Buy Disclosure: Held
