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Many thanks for sharing your work CPDLC. My average entry was...

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Dejavoo

1,986 Posts.

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10/03/15

21:29

Post #: 14891798
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Originally posted by CPDLC ↑

Dejavoo,

FY14 Net Profit Margin was 40% and EPS was US$0.15. I also calculate 1H15 Net Profit Margin as 40% with EPS at US$0.12 (annualised at US$0.24/share).

For FY15, with Net Profit Margin at 40% over the remaining 2nd half I estimate full year EPS at c. US$0.26/share, assuming PoG remains at c. US$1200 until June.

At US$/A$ of 1.28 that translates to a FY15 EPS of c. 33c/share (so current share price is indicating a PER of just 3x).

The market will apply whatever multiple it wants, but 3x looks ridiculously low as MML returns to positive free cash flow. NST currently sits at a PER of 13.6x and EVN is 7.1x. So I would have thought a 10x multiple would be a reasonable starting point (ie a SP of A$3.3 at financial year end).
CPDLC

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Many thanks for sharing your work CPDLC. My average entry was re$3.12..... so hope springs.

I see today BDR announcement today re the Brazilian REAL Gold price is approaching a 10 year hi ;BDR will prob have $35 million extra in earnings.!!! Similar with the PESO? .........says he hopefully.

MML Price at posting: 86.0¢ Sentiment: None Disclosure: Held
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