Trader"Also on a comparable PE ratio with peers MAD looks very...

Trader
"Also on a comparable PE ratio with peers MAD looks very over-priced,.."
Let me see......MAD based on half yearly to dec sitting on a PE just over 40....AUT full year to dec, PE of approx 50.....So if MAD is overpriced on a PE ratio AUT is 25% more expensive......ROFL!!!


Check out this link for estimate PE for AUT, it is base on 8 brokers report.
http://au.finance.yahoo.com/q/ae?s=AUT.AX

Current Year(Dec 12) EPS = average 0.29
Next Year(Dec 13) EPS = average 0.58

Current Price = $3.8
Forward P/E (fye 31/12/2013): 6.66

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I am not sure about MAD, they are still exploring, and I am sure they will need lots of $$$ later if want raise oil output similar to AUT.

Base on half year report, they made 8mil pre-tax profit(or 5mil after tax), so here is possible profit for full year:

10mil / 267.6mil share = 3.7c EPS (if profit is same on 2nd half 2012)
15mil / 267.6mil share = 5.6c EPS (if profit is double on 2nd half of 2012)
20mil / 267.6mil share = 7.5c EPS (if profit is tripple on 2nd half of 2012)