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.
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MRE needs a ~$500m profit at a PE of 10 to have a SP around...
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Last
$1.99 |
Change
-0.015(0.75%) |
Mkt cap ! $300.5M |
Open | High | Low | Value | Volume |
$2.01 | $2.01 | $1.99 | $332.4K | 166.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1161 | $1.99 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.00 | 69967 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1161 | 1.985 |
3 | 41515 | 1.980 |
1 | 5000 | 1.975 |
1 | 94336 | 1.970 |
1 | 10000 | 1.965 |
Price($) | Vol. | No. |
---|---|---|
1.995 | 69967 | 2 |
2.000 | 120536 | 4 |
2.010 | 175888 | 10 |
2.020 | 10900 | 2 |
2.030 | 1000 | 1 |
Last trade - 15.59pm 08/07/2025 (20 minute delay) ? |
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MRE (ASX) Chart |