Just reading hits on The Bull and said I'd post here for info
Mount Gibson Iron (MGX) is a junior iron ore miner in Western Australia. Although subject to the same risks from volatile commodity prices and a Chinese slowdown, their numbers are compelling. The P/E of 4.50 and a P/EG of .11 are substantially better than the sector averages of 11.43 and .53. An ROE performance of over 19% and a share price very close to book value per share make them a prime bargain bin candidate. In addition, note they cut their long term debt more than in half and reduced gearing by approximately 70%. Although the current dividend yield is modest, analysts forecast the dividend to double in FY2012 and FY2013. MGX deserves a prime spot in the bargain bin.
the bull
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Last
36.5¢ |
Change
-0.005(1.35%) |
Mkt cap ! $444.6M | |||
| Open | High | Low | Value | Volume |
| 36.5¢ | 37.0¢ | 36.3¢ | $395.4K | 1.080M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 193636 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 25000 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |