I know we've got a crappy market at the moment but this one is...

I know we've got a crappy market at the moment but this one is seriously undervalued.

MNF have just posted a NPAT of $1.97 Million, a dividend, no debt, nearly $2 million cash and the share price has barely moved. It's currently at 0.14 cents giving it a market cap of $7 million and a price to earnings of 3.

If MNF were to have a price to earnings of 11 - which is the sector average - the share price would be 0.40 cents.