Originally Posted by
Snow Leopard
The SP has gone from $2.16 to $2.35 since Xmas and we have bids at $2.37 and sellers want $2.60 [:0]
The third quarter has just ended and I have a suspicion that some know that the future is looking bright. I have had a target price of $2.50 for the end of year announcement (late May) based upon a NPAT for Mainfreight/Owens of $10M (MFT $12M, OWN -$2M), this would give a P/E of 24. I await the quarter results announcement to update the figures.
Looking forward to the 2005-6 year then I am expecting a significant improvement on the NPAT, the SP to rise well above the market average, but the P/E to come back to something more realistic.
It's looking good [8D]