Cabcharge trades on 7.5x earnings. MMS should maybe do the same, which on a reported basis puts it as $6. If you think it could trade at say 1.5x book value then $3.50 is probably about right ... its hard though because 75% of the earnings could disappear.
If the banks pull the companies funding lines then it arguably looks a lot worse
Just hard to come up with the number it should trade at
Ann: Half Year Results Presentation , page-34
Add MMS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$15.72 |
Change
0.200(1.29%) |
Mkt cap ! $1.091B | |||
| Open | High | Low | Value | Volume |
| $15.57 | $15.73 | $15.53 | $319.7K | 20.39K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 257 | $15.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.73 | 736 | 8 |
View Market Depth
| Last trade - 11.37am 10/10/2024 (20 minute delay) ? |
| MMS (ASX) Chart |