Date announced 23/08/2010
Quarter 30/06/2010 Qtr 2 FYE 31/12/2010
STOCK Mamee C0DE 5282
Price $ 3.53 Curr. ttm-PE 9.92 Curr. DY 2.99%
LFY Div 10.56 DPO ratio 30%
ROE 21.8% PBT Margin 11.0% PAT Margin 8.8%
Rec. qRev 120198 q-q % chg 4% y-y% chq 17%
Rec qPbt 13229 q-q % chg -17% y-y% chq -1%
Rec. qEps 7.24 q-q % chg -12% y-y% chq -1%
ttm-Eps 35.59 q-q % chg 0% y-y% chq 39%
Using VERY CONSERVATIVE ESTIMATES:
EPS GR 5% Avg.H PE 8.00 Avg. L PE 6.00
Forecast High Pr 3.63 Forecast Low Pr 2.01 Recent Severe Low Pr 2.01
Current price is at Upper 1/3 of valuation zone.
RISK: Upside 6% Downside 94%
One Year Appreciation Potential 1% Avg. yield 4%
Avg. Total Annual Potential Return (over next 5 years) 5%
CPE/SPE 1.42 P/NTA 2.17 NTA 1.63 SPE 7.00 Rational Pr 2.49
Decision:
Already Owned: Buy, Hold, Sell, Filed; Review (future acq): Filed; Discard: Filed.
Guide: Valuation zones - Lower 1/3 Buy; Mid. 1/3 Maybe; Upper 1/3 Sell.
Aim:
To Buy a bargain: Buy at Lower 1/3 of Valuation Zone
To Minimise risk of Loss: Buy when risk is low i.e UPSIDE GAIN > 75% OR DOWNSIDE RISK <25%
To Double every 5 years: Seek for POTENTIAL RETURN of > 15%/yr.
To Prevent Loss: Sell immediately when fundamentals deteriorate
To Maximise Gain & Reduce Loss: Sell when CPE/SPE > 1.5, when in Upper 1/3 of Valuation Zone & Returns < 15%/yr
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