none of what you have said explains how growth will happen. Is the industry growing? Are they going to make an EPS accretive acquisition? Did they win some customers?
Most of what you said are negatives. The PER is high, and yes the MC is way above NTA, which is not good either.
MCE is a classic example of an industrial stock being way too expensive, then becoming well... less expensive, but probably still overvalued.
lbl half yearly, page-10
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Last
61.0¢ |
Change
0.010(1.67%) |
Mkt cap ! $71.50M | |||
| Open | High | Low | Value | Volume |
| 59.5¢ | 63.0¢ | 59.5¢ | $15.91K | 26.16K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 34996 | 61.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 63.0¢ | 16387 | 2 |
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| Last trade - 15.47pm 08/11/2024 (20 minute delay) ? |
| LBL (ASX) Chart |