Manny, analyst's forecasts are notoriously optimistic and almost always wrong. But if you don't use them as a basis for investing then what do you use? If you are better at estimating future earnings than the analyst's consensus then good luck to you, you will do very well in the market.
As for using historical PE ratios, well good luck with that. Looking in the rearview mirror has seldom been a sensible predictor of future wealth creation unless you are investing in low growth companies with very stable earnings and cash flows (none of which applies to MCE).
As for earnings history, I presume you are aware that Matrix has been around since 1980?
director sale of stock, page-6
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Last
28.0¢ |
Change
0.030(12.0%) |
Mkt cap ! $72.45M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 28.0¢ | 25.0¢ | $59.29K | 224.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17516 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 74553 | 2 |
View Market Depth
| Last trade - 16.10pm 02/12/2024 (20 minute delay) ? |
| MCE (ASX) Chart |
