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well its a real business, the promo flag is bs, it amazes me promos are fine for small caps but otcs that need it the worst, get punished.
Flagged for promotion. What a shame, solid news do you see any reason for this anywhere? All I see is paid posters.
That makes sense, thanks so much for explanation.
Without any earnings PE ratio is "undefined".
Very few OTC companies with share price below $1 have any revenues, much less earnings.
Which is why I use revenues when trying to make a "guess" for a price target for an OTC company without any earnings (so far).
PE ratios make more sense when trying to value NYSE or NASDAQ stocks (imo).
This industry the PE ratio is at 15. What does that equate to?
Building into end of day, 4+ close would be solid
My VERY CONSERVATIVE price target (PT) for MGUY.
First off, this will be a mid-term PT, meaning within the next 3-5 months.
Secondly, I use a very simple formula to calculate my price target which is estimated annual revenues divided by total outstanding shares.
The data I am using are as follows:
Revenues:
MGUY has had revenues of ~$14M for each of the first 2 quarters of FY2023. So I will use $14M times four as my estimated revenue for FY2023.
Total Outstanding shares (OS): Total OS as of 10/16/2023 is 508,547,203 shares.
https://www.otcmarkets.com/stock/MGUY/security
My very conservative mid-term price target is, therefore, $56M/5.085M shares = $.11
I will revise this price target over the coming months when new data becomes available.
$MGUY Gaining traction, huge momo this week!
Massive volume today loving the action
The company has officially engaged the services of Turner Stone & Company, commencing this partnership on April 1, 2024. The primary objective of this collaboration is to underscore Mogul Energy International's unwavering commitment to enhancing shareholder value and fostering closer engagement with the investing community. $MGUY
$MGUY solid news today, adding any pull backs!
Another headline:
https://www.marketscreener.com/quote/stock/MOGUL-ENERGY-INTERNATIONA-10122508/news/Mogul-Energy-s-Acquisition-Strategy-Puts-185-Million-In-Revenues-In-Its-2025-Crosshairs-More-Than-45068987/
Mogul Energy's Acquisition Strategy Puts $185 Million In Revenues In Its 2025 Crosshairs, More Than Double Its Current $70 Million
MMs bringing MGUY all the way back to 0343
Hard to beat those MMs! lol
HUGE volume today. 1.5+M traded in 2 hr.
Closing in on 52-week volume high of 2.067M on 12/19/2022.
MGUY #1 on Breakout Boards
https://investorshub.advfn.com/boards/breakoutboards.aspx
Whales taking us higher today! $MGUY
consolidating before the next rip up
Very solid
Blue skies not yet. 52-week high is $.4201 -
Just trying to keep it real. LOL
$MGUY .05's up now! +51.52% @.05 New HOD
Didn't get IR firm but did get a "juicy" PR posted on Yahoo Finance.
https://finance.yahoo.com/quote/MGUY?p=MGUY&.tsrc=fin-srch
That should pick up a few eyeballs!
Koubi concludes, "The reduction in debt is universally acknowledged as a commendable strategic move, diminishing risk, fortifying financial stability, and holding the promise of bolstered profitability and heightened shareholder value. We anticipate these measures will generate an upward trajectory as we advance through 2024."
Moreover, the debt reduction has catalyzed Mogul Energy's expansion, as previously revealed. The company is presently in the process of augmenting its fleet through the acquisition of 40 trucks, both as a partial upgrade and replacement of older models, ushering in a more efficient and eco-friendly era.
These resolute efforts have resulted in a notable $3,000,000 reduction in debt, a development set to directly benefit the organization and its valued shareholders. Koubi, at the helm of Mogul Energy International, underscores this achievement by stating, "Our dedication to enhancing our company's financial standing and creating value for our shareholders is resolute. The reduction of over $3,000,000 in debt marks a pivotal milestone in delivering optimal returns to our shareholders."
Central to Mogul Energy's Q1 cost-cutting initiatives was a commitment to minimizing short-term price adjustments through our inflationary models. Koubi emphasizes that these short-term concessions are an investment in our long-term prosperity, steering clear of actions that could alienate existing customers during economically challenging periods. "We maintain our unwavering commitment to integrity while focusing on higher-margin divisions, such as our refrigerated warehouses."
Leveraging our inflationary models, we have adeptly mitigated elevated operational expenditures, encompassing the costs associated with trucks and trailers. CEO and Founder Ronen Koubi confidently remarks, "Mogul Energy boasts longstanding contracts resilient even in economic downturns. In fact, we anticipate growth across various segments of our business, with expectations of energy cost reductions in the latter part of the year."
MIAMI, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Mogul Energy International, a distinguished leader in the energy and transportation sector, specializing in transportation, logistics, warehouse consolidation, and distribution services for perishable and time-sensitive cargo, is thrilled to announce significant strides in its strategic endeavor to expedite strengthening its balance sheet in Q1 2024, surpassing its initial objectives originally slated for the latter half of 2024.
Impeccable earnings for an OTC, current and future projections.
going higher
nom nom nom
Another great day $MGUY
$MGUY .047 +42.42% New HOD! Breaking out
Turner Stone is a PCAOB company. Just what is needed for an uplist to NASDAQ or NYSE.
$MGUY .0378 +14.77% Up Early on Uplist NEWS!
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Reverse Merger Play with 7M Float and 40M O/S registered in Delaware
No Debt
Clean Balance Sheet
UPDATED SHARE STRUCTURE INFO (From OTC Markets webpage)
http://www.stockta.com/cgi-bin/analysis.pl?symb=MGUY&num1=1&cobrand=&mode=stock
http://www.stockscores.com/quickreport.asp?ticker=MGUY&rtype=small ------ with Dover Petroleum Corp (DVPC)
http://stockcharts.com/c-sc/sc?s=mguy
http://www.barchart.com/quotes/stocks/MGUY
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