Share price not kicking on as it should be
Update excitement over ….share price probably drift back below $1 now ..bugger
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Share price not kicking on as it should be
Update excitement over ….share price probably drift back below $1 now ..bugger
I know you don't believe that W69. Slap a forward P/E of 10 on it and let's settle for a $1.15 sp while we wait to see how the x-mas trading goes for Aus/NZ coming out of lockdown.
Then when the trading update comes confirming that it was record x-mas trading for the company and profits will be at least on par with last year i.e. AU$45m. The market must finally re-rate them with a forward P/E of 13 and we land at $1.60 sp sometime next year :cool:
You're being far too bearish W69. Who knows what normalised earnings are?
One thing I do know is you cannot simply take $15m subsidies off last years NPAT figure and arrive at $30m.
MHJ in the past have made more than $30m when doing $550m+ revenue and that's on worse margins.
Analyst's say about $40m npat for the next 3 years.
ASM tomorrow, be interesting to get further updates and hopefully another bump to sp.
Sales seem very strong given the amount of time in lockdown winner
Did anything good come from the Q&A? Wasn't able to listen in.