Thoughts recently about MHI?
Am a beginner value investor but tried to have a look at it.
Excluding the profits from sale of assets, I have calculated the average earnings to current market cap as 6.6
The earnings from operations have not really grown a whole lot over the last 10 years, and have been fluctuating, but on average making a reasonable amount on current market cap.
Been paying out dividends since 2001 consistently, average dividend to current MP is about 8.5%, though i less in upcoming times with poorer recent earnings.
Discount to NCAV of 35% with (net current assets - total liabilities) 23.2mill and market cap of 15.1 mill.
And 18mill in cash. Current assets cover current liabilities by 4x
Seems pretty good for a bargain? Average prospects with reasonable past record.
Thoughts? Sorry for the beginner/incorrect probably analysis!
Loretta Lee Explains Why On Bloomberg, page-4
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Last
16.0¢ |
Change
0.030(23.1%) |
Mkt cap ! $12.25M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 16.0¢ | 13.0¢ | $174.0K | 1.167M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 22220 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 55241 | 3 |
View Market Depth
| Last trade - 15.56pm 29/11/2024 (20 minute delay) ? |
| MHI (ASX) Chart |
