Quick, back of the envelope calc of value of MGX.
1. Using PMM as a benchmark [only because I know they're figures] FY03/04 NPAT $35m on 180m shares gives PE ratio of 20.
2. Now for MGX. In FY 05/06 MGX eps is expected to be 15c [James Chessell February 26, 2005]. On this basis, share price should travel to 15c x 20 = $3.00.
Anyone with time may want to run their brain over this...
valuation
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Last
35.0¢ |
Change
0.015(4.48%) |
Mkt cap ! $426.4M | |||
| Open | High | Low | Value | Volume |
| 33.5¢ | 35.5¢ | 33.5¢ | $446.5K | 1.292M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 150000 | 34.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 6595 | 1 |
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| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| MGX (ASX) Chart |