My quick calcs suggest if EBITDA rises from $14M to $20M, then NPAT is likely to raise from $9M to say $12.3M
But due to the Cassons raising and the big increase in shares on issue from 38 million to 62 million , EPS will fall from $0.24 to $0.20 per share.
So MTO is trading on a PE 16 right now. Perhaps further downside if the sector gets a 'low growth' tag.
So, as we speak, Cassons has provided business scale, but little value to existing shareholders.
Because of the expansion in share base since listing, I think MTO has lost some of its early gloss and I am reviewing my holding.
Gosouth
My quick calcs suggest if EBITDA rises from $14M to $20M, then...
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Last
$1.26 |
Change
0.045(3.70%) |
Mkt cap ! $92.99M | |||
| Open | High | Low | Value | Volume |
| $1.24 | $1.26 | $1.24 | $45.32K | 36.24K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2939 | $1.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.30 | 45521 | 1 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| MTO (ASX) Chart |