Hi XForceOne,
You realise that there is nothing specific to MSB about your reasoning? You seem to think you have demonstrated that no share could have a valuation of 30 times EPS. But they do.
The error comes where you say "... a P/E of 30, as you might know, means that if I invested $100 today, it would generate $3.3 year after year". No, we don't know that. Because it doesn't. The market is forward-looking.
Hi XForceOne,You realise that there is nothing specific to MSB...
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Last
99.0¢ |
Change
-0.095(8.76%) |
Mkt cap ! $1.130B | |||
| Open | High | Low | Value | Volume |
| $1.12 | $1.12 | 98.0¢ | $26.84M | 25.91M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 25272 | 99.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 99.5¢ | 6571 | 1 |
View Market Depth
| Last trade - 16.10pm 30/04/2024 (20 minute delay) ? |
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Last
99.5¢ |
Change
-0.095 ( 7.78 %) |
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| Open | High | Low | Volume | ||
| $1.12 | $1.12 | 98.0¢ | 3288218 | ||
| Last updated 15.59pm 30/04/2024 ? | |||||
| MSB (ASX) Chart |