The recent price $6.00 a share is an interesting figure . For this price - to be a valid valuation - should imply an EPS of 60c assuming PER of 10 . TRG current equity is 14.12M shares + 6.165M unlisted options .
In other words : TRG should earn NPAT $ 8.5M to warrant a share price of $6.00 . OR , if the options are taken in consideration NPAT - $12M .
I do not know , from the data that is available to me whether this is feasible or not . In my assumptions I have allowed a PER of 10 which could be generous for this type of investment company . I also do not know what is the NTA backing every share which usually should be close to the share price ...However the placement price of $4.20 implies that the NTA was close to this mark ? Anyone with more accurate data ? happy days . Duff
TRG
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Last
$10.25 |
Change
-0.020(0.19%) |
Mkt cap ! $528.6M | |||
| Open | High | Low | Value | Volume |
| $10.27 | $10.31 | $10.13 | $102.4K | 10.04K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 88 | $10.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.45 | 435 | 1 |
View Market Depth
| Last trade - 16.10pm 20/05/2024 (20 minute delay) ? |
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Last
$10.17 |
Change
-0.020 ( 0.72 %) |
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| Open | High | Low | Volume | ||
| $10.27 | $10.28 | $10.14 | 1850 | ||
| Last updated 15.59pm 20/05/2024 ? | |||||
| PAC (ASX) Chart |