Good point. There is a similar valuation discrepancy with a number of the Norwegian based competitors which are generally trading at 1.2x P/BV or more.
Given the announced asset sales, MRM's net debt should be about $50m or less by Dec this year. Accordingly, if the share price can reach 1x BV, this will mean a share price of about $1.10 by year end.
What's more, with the debt position now under control, and new O&G and offshore renewables projects coming on line, this price could prove conservative.
- Forums
- ASX - By Stock
- MRM
- Ann: Jebsen and Jessen Claim Update
Ann: Jebsen and Jessen Claim Update, page-6
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MRM (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
BPH
BPH ENERGY LTD
David Breeze, Managing Director and Executive Chairman
David Breeze
Managing Director and Executive Chairman
SPONSORED BY The Market Online