MikS, so based on RM's method you get circa $11.
I was listening to Roger last night on 2GB and he was saying how even though the stock has tripled since he tipped it, it's still below it's intrinsic value.
You're saying it's around $11 so still a bit way to go.
He made an obvious buy good point last night as well.
With all this violence in the middle east and potential further unrest the oil price will shoot up making offshore exploration drilling much more viable.
Apparently MCE have 40% of the worlds market with their product, but I'ms sure you guys already know that.
valuation, page-22
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Last
35.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $79.45M | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 35.5¢ | 34.5¢ | $10.95K | 31.47K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 18063 | 34.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 43672 | 2 |
View Market Depth
| Last trade - 15.46pm 04/10/2024 (20 minute delay) ? |
| MCE (ASX) Chart |