I thing your calculations will be pretty close to spot-on
If you double up your EPS for EOFY/17 = (16.0) &
Morningstar's EOFY/17 EPS forecast is (16.2)
So I think you, me, Brent T, & Morningstar are all around the same ball-park
With EOFY/17 intrinsic value around the $2.50 mark IMHO + dividend yield around 4%
I think shareprice achieves $2.00+ within 6 months (25% min profit from $1.60)
PS.
Hard to believe that a consistent high growth company has such a low PE of (13.22)
The other thing that is strange is the low liquidity
On paper it appears there's enough shares available to trade (TOP 20 = 50%)
That leaves around (75 million)
The only thing I can think of besides no one willing to sell
Is that the (Top 50 may = 90-95%)
I don't know, but if anyone can access this information
Would appreciate if you could post it
Cheers OM
MNY Price at posting:
$1.60 Sentiment: Buy Disclosure: Held
