MTO has had a nice run in a weak market for small caps.
But it still doesn't look too stretched.
If it duplicates the first half, it will come in with NPAT of $11M, which gives a forward P/E of 15.0.
Given that they have just completed 2 new acquisitions, add a quarter of extra sales, a dose of organic growth, and they might just come in with NPAT of $12M, for a P/E of 13.9.
Not stretched at all..........
Gosouth
MTO Price at posting:
$4.40 Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)