Don't understand the business but it looks like roughly 30 cents a share earnings for FY14 and therefor PE of about 7. For a business that says next year (FY15) it will do more work than this year, that is a very comfortable ratio. We used to say things like 15 times earnings is fair value for a company demonstrating growth. I predict buying interest in the next few months.
- Forums
- ASX - By Stock
- MLD
- Ann: Contract Award, Financial Update and Board Changes
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)