A PE for any company of 24 is full of Blue sky and in my opinion far to high for MHM at this stage .
Given MHM have no security on their current contract with Sims which is where their current income is derived , in my opinion an analyst worth theiur salt (no pun intended ) would be lucky to give that company a PE of 4 (remmeber the sims contract is now expired ,and has been for quite some time , is under negotiation , but bottomline it remains unsigned and under negotiation ) .
If it is signed , and the contract is for a 10 year period then a PE of 8 is justifiable
On that basis , if MHM can mae a profit of $4m next year , on a PE of 6 thats a market cap of $24m
The market cap at present is closer to $100m or 4 times this amount , so the amount of blue sky that is factored in is huge.
All just my opinion
This is a very tired market and the PE that companies are being given is de3finately lowering as expecations reduce .
I am not sure where you get the PE from , as I see the financials the asx listed company actually will make a loss
- Forums
- ASX - By Stock
- VYS
- investor roadshow
investor roadshow, page-69
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add VYS (ASX) to my watchlist
|
|||||
Last
37.5¢ |
Change
-0.015(3.85%) |
Mkt cap ! $156.9M |
Open | High | Low | Value | Volume |
38.5¢ | 38.5¢ | 37.5¢ | $67.31K | 177.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 40843 | 37.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
38.5¢ | 149826 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 40843 | 0.375 |
3 | 43900 | 0.370 |
1 | 9534 | 0.365 |
3 | 42888 | 0.360 |
3 | 26500 | 0.355 |
Price($) | Vol. | No. |
---|---|---|
0.385 | 149826 | 2 |
0.400 | 17991 | 1 |
0.410 | 289026 | 2 |
0.420 | 178147 | 4 |
0.425 | 424858 | 4 |
Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
Featured News
VYS (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online