MRE needs a ~$500m profit at a PE of 10 to have a SP around $4.82. The first half of 2011 had NPAT of $27m, extrapolate to $54m for simplicity. $54m is a far cry from $500m.
With nickel trading cheaply and the AUD so high, $500m NPAT will be hard to achieve, and if the nickel price rises then the dollar will likely rise further too.
Ann: Target's Statement , page-4
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$1.99 |
Change
-0.010(0.50%) |
Mkt cap ! $301.3M | |||
| Open | High | Low | Value | Volume |
| $2.01 | $2.01 | $1.99 | $2.538M | 1.267M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2204 | $1.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.00 | 22165 | 1 |
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