I've mentioned MTO previously as a value play with a dividend yield of ~12.5%. What I'm not understanding is why this company is trading on a PE of less than ~4.

In their 1st half they did note there had been a softening in demand for both new and secondhand motor cycles however recent acquisitions have diversified earnings with the plan to target other acquisitions that further diversify earnings to help insulate the business during volatile times.

There's been little to no other news out from the company of late apart from a director purchase of 750,000 shares at $1.53ea totalling $1,147,500.

Although MTO's growth my slow short term imo it will bounce back and as such at current prices I'm adding more into my RL p/f.

I've taken the view....somewhat cautiously....that at current levels like a PE of less than ~6 and a dividend yield of ~9% combined with the relatively recent and somewhat transformational acquisitions that diversify both earnings and geographical reach add confidence to my decision to buy IRL as I feel risk is to the upside and for MTO to trade any lower they would have to have an absolute shocker of a 1HY result.