Ok behind all the white noise !! EBIT lets say $80ml Tax in Au 30% Tax in Singapore 14% probable NPAT aprox $ 55 ml yoy. P.E. X 15 times sp $2.20 more likely P.E. X 8 times sp $1.20. A 15 times P.E. probably when oil is $80. So what happned today ? Appears like insider trading perhaps ? Or some fund managers dumping stock. The company appears to be in positive territory, glass half full perhaps ? Things are always a bit murky, but I think the crash is more about H. F. trading. The ASX must investigate this kind of roarting. No wonder class actions are being bought in these kind of instances.
MRM Price at posting:
29.0¢ Sentiment: Hold Disclosure: Held