Hi Jordan and Marvin,
Just starting to look at this one. Looks interesting. Do you think npat will be north of $1m? Just a simple look at the half year result below would suggest that is more than achievable. Also does the current pe of around 15 look a bit low? If they record a large increase in full year npat to say $1m-$1.1m, it may rerate with the pe pushing up towards 20, giving a sp something over $2 as shown in the last table below. Does that seem reasonable?
Column 1
Column 2
Column 3
Column 4
Column 5
Column 6
0
shares issued
market cap
NPAT
EPS
PE
Future price
1
8,570,000
10,650,000
710,000
$0.082847
15
$ 1.243
2
8,570,000
12,000,000
800,000
$0.093349
15
$ 1.400
3
8,570,000
12,750,000
850,000
$0.099183
15
$ 1.488
4
8,570,000
13,500,000
900,000
$0.105018
15
$ 1.575
5
8,570,000
14,250,000
950,000
$0.110852
15
$ 1.663
6
8,570,000
15,000,000
1,000,000
$0.116686
15
$ 1.750
7
8,570,000
15,750,000
1,050,000
$0.122520
15
$ 1.838
8
8,570,000
16,500,000
1,100,000
$0.128355
15
$ 1.925
9
8,570,000
17,250,000
1,150,000
$0.134189
15
$ 2.013
10
8,570,000
18,000,000
1,200,000
$0.140023
15
$ 2.100
Column 1
Column 2
Column 3
Column 4
Column 5
Column 6
0
shares issued
market cap
NPAT
EPS
PE
Future price
1
8,570,000
10,650,000
710,000
$0.082847
15
$ 1.243
2
8,570,000
12,000,000
800,000
$0.093349
15
$ 1.400
3
8,570,000
12,750,000
850,000
$0.099183
15
$ 1.488
4
8,570,000
13,500,000
900,000
$0.105018
15
$ 1.575
5
8,570,000
14,250,000
950,000
$0.110852
15
$ 1.663
6
8,570,000
20,000,000
1,000,000
$0.116686
20
$ 2.334
7
8,570,000
21,000,000
1,050,000
$0.122520
20
$ 2.450
8
8,570,000
22,000,000
1,100,000
$0.128355
20
$ 2.567
9
8,570,000
23,000,000
1,150,000
$0.134189
20
$ 2.684
10
8,570,000
24,000,000
1,200,000
$0.140023
20
$ 2.800
MWR Price at posting:
$1.71 Sentiment: None Disclosure: Not Held
