Wth the distraction of the Olympics now of the way MNL will report their bumper FY08 results this week - I have also heard on the grapevine that they are promoting the release of the results with a presentation to a number of shareholders and investors !!
Its a no brainer that the current shareprice of 25c represents great value - I have mentioned this before in previous post but just to reiterate the capital growth potential in MNL here are some shareprice calculations based on forcasted yearly NPAT earnings of $1.7Mil-$2.3Mil and P/E ratios of 10 and 15:
P/E Ratio 10: Earnings of $1.7Mil would equate to a shareprice of 40c Earnings of $2.0Mil would equate to a shareprice of 47c Earnings of $2.3Mil would equate to a shareprice of 53c
P/E Ratio 15: Earnings of $1.7Mil would equate to a shareprice of 60c Earnings of $2.0Mil would equate to a shareprice of 70c Earnings of $2.3Mil would equate to a shareprice of 80c
Watch it fly !!!
MNL Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
