Lol only a P/B ratio is relevant to MAN and ASN at this stage, as you know. now MAN currently has a P/B ratio of around zero going into negative which is outstanding value as you know..Most value investors and financial analysts consider any value under 2.0 as an ok P/B ratio but most prefer 1.0 and lower
Now if we calculate ASN in contrast, difficult though now as of the halt, my personal P/B ratio calculation is above 4 , and that imo is being generous, given the uncertainty now.. which is not attractive at all, so yes to get to P/B ratio of 1 for ASN would need a SP around 2.8 cents, and imo given the ASN DLE issue, that is not far fetched in my opinion.
MAN Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
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