It may be conservative if a P/E ratio of 60 was the industry norm, unfortunately that's just not reality. In my view, the growth of our loan book and improvements in profitability are too modest to warrant a valuation of 50cps. The market is not always rational however, so I guess is anything is possible, even if not to be expected.
I would like to see a lot of churn around 12c so that we hopefully stabilise at the current valuation (which I consider to be fair value).
It may be conservative if a P/E ratio of 60 was the industry...
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Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $96.00M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 12.0¢ | $32.91K | 274.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 416666 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 39167 | 5 |
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| Last trade - 13.15pm 01/10/2024 (20 minute delay) ? |
| MME (ASX) Chart |