target $1.17 from aegis We do not rate management highly and believe that while destroying value in Discount Variety it simultaneously
tarnished what we considered to be an excellent business model in Apparel. We believe that MRL has adopted a
fix it or sell it approach with respect to Discount Variety. This is signalled by changes to the board, which include
the appointment of two Investec Bank executives and the founder of Go-Lo to the board.
The stock is trading at a discount to our 12-month DCF-based share price target. This has been derived by
applying a beta of 1.5 to the stock (against the 1.1 beta of the consumer discretionary sector). We believe that
share price upside stems from corporate activity which we believe will be heralded in by the new board.
***good buy at 78c?***, page-7
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Last
30.0¢ |
Change
0.005(1.69%) |
Mkt cap ! $123.3M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.0¢ | 30.0¢ | $32.72K | 109.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2006 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 27482 | 1 |
View Market Depth
| Last trade - 11.41am 04/12/2024 (20 minute delay) ? |
| MRL (ASX) Chart |
