Ah yes, I probably shouldn't have described that target based on PE ratio. 10 is pretty high for a cyclical company EXCEPT when enterprise value is so different from market capitalusation, as in this case. I'm not sure it's a thing, but I'm inclined to look at it as EV/E. There current EV is about $2 million, while at 4 cps it would be about $12 million. So if cash is conserved, my mid-range case would give rdg an EV/E of about 4-6, which is quite reasonable.
Big Drop today .022 See no news?, page-6
Add RDG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
2.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $88.52M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 503210 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.5¢ | 34000 | 1 |
View Market Depth
| Last trade - 16.12pm 08/11/2024 (20 minute delay) ? |
| RDG (ASX) Chart |
Day chart unavailable
