MYE 0.00% 19.0¢ metarock group limited

Hi, it the sector in general and also the fact the world is now...

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    Hi, it the sector in general and also the fact the world is now more and more ESG conscious.

    It tough at the moment. I have another share MLD which is in a similar state, market cap 260 Mill, revenue of 1.6Billion, NPAT of at least 45 Mill this year. That P/E of under 6 times earnings. Not saying you should buy just an example of how damp the sector is in general.

    MYE is decently run, they had a tough period in 2017 but seem to have got through that.

    I think once Pybar, Crinum and Cooks is fully up and running EBITDA of 60 Mill can translate into 30 Mill EBIT and underlining NPAT of approx 16 Mill. This put’s MYE on a P/E around 6X
 
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