What is a fair price to pay for MFB shares and/or at what point are they over-sold? These are actual questions (not rhetorical) and I'm curious to hear others thoughts.
Some figures:
- Current SP $1.43
- Listing Price $1.85
- Forecast* DPS $0.07
- Forecast* EPS $0.08
- FY20 EPS $0.07**
- Historic P/E ratio ~20 @ $1.43
- Forecast dividend yield 6.8%; being ($0.07 / 0.72) /$1.43
*per the prospectus.
**This is calculated as follows:
- NPBT $8.97m
- add back offer costs $14.12m
- Adjusted NPBT $23.09m
- Less notional tax at 28% -$6.47m
- Adjusted NPAT $16.62m
- Divided into 242.4m shares = $0.07 EPS