I started looking into this not so long ago and bought in . Avg 2.50. This one is being accumulated , no doubt, look at course of sales and OBV. Conservative valuation at forecast earnings of 20 mill NPAT is 3.10 at 10 pcnt discount rate. Mind you that is a big margin of safety , as forecast NPAT is probably around 29 mill. Also EV/ EBITDA is around 7 ( i have not included cash component for purposes of being conservative and kept EBITDA at 55 mill ) . analyst forecasts are higher. Winning contracts , and if this one meets (29 mill NPAT) or beats forecasts , we can see 4 dollars in 12 months IMO good luck ! Reminds me of forge last year May is coming , when things usually drop so may be a good time to pick up more if it drops
MLD Price at posting:
$2.78 Sentiment: LT Buy Disclosure: Held
