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6.1¢ cirrus networks holdings limited

Sounds good to me- consolidation not sure will happen-problem I...

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mwap

164 Posts.

16/01/18

12:51

Post #: 30339566
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Originally posted by afterlife ↑

> mwp < . If we assume a 10:1 share consolidation in CNW than the company will have 100 mil shares
( counting current shares incld options). at a proportionate share price of 18 c' each.

If we then assume FY20 EBITDA of 10 mil with 6 mil profit of which 70% payout in div that is 4 mil or
3 to 4 c payout per share ( subject to 30% tax).

with this amount of DIV one can expect the share price to be around 50 to 60 cents. or 5 to 6 c' in today's price, this is a substantial rise. I am willing to wait, providing evidence of progress made along the way.

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Sounds good to me- consolidation not sure will happen-problem I see atm is the 100m or so shares Frank R wants to sell. Sp looks like its being held at these levels until that problem is dealt with.
So looking forward to the half year report in a couple of weeks-will get better indication of how things are travelling.

CNW Price at posting: 1.8¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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