They made Npat of 37.1M last half, if they make that again the 2nd half in worst case senario than a price of 60-65c is fair at the equivalent P/E. If they turn it around and make between what i would estimate at 60-80 for this half if spot prices continue then with total years earnings a sp of $1-1.2 is fair as long as the IO stays steady above 110-120 imo. The market at the moment doesn't believe management are capable of pulling this off however.. hence the sp is at the lower valuation.
Imo they will do it, and right now quite a few of the IO miners are looking great value for the next 12 months, I like MGX and FMG in particular for capital growth.
Time will tell i guess :)
Mungo
almost there, page-4
-
- There are more pages in this discussion • 62 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MGX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
36.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $444.6M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 34.0¢ | 223 | 3 |
View Market Depth
| Last trade - 09.55am 29/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |
Day chart unavailable