LOL Hopefull, agree with your sentiment, though the story does play to my own prejudices. MPL is lumped with general insurers, which have a relatively low PE, rather than with health providers, which have a relatively high PE. On that metric, if one metric is arguable, then MPL may yet get a higher rating.
Interestingly, MPL is not part of any index I can find (well, not on Commsec, which may or may not be up to date). This is understandable, given its recent debut. It does beg the question though: when it makes it onto the various indices (A&P 50, 200, and Health/Financials) will fund acquisition requirements give it a huge SP boost? When will it be admitted to the appropriate indices - come first dividend as a public company?
Am I mistaken?
price target $3, page-6
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Last
$3.67 |
Change
-0.020(0.54%) |
Mkt cap ! $10.10B | |||
| Open | High | Low | Value | Volume |
| $3.70 | $3.73 | $3.67 | $20.11M | 5.453M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 219175 | $3.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.68 | 1359 | 1 |
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| Last trade - 16.10pm 02/07/2024 (20 minute delay) ? |
| MPL (ASX) Chart |