Dunno, maybe some fundie was wanting to window dress his/her EOM for August?
Anyway I've got the back of my envelope out and figured out the minimum position we should be at by this time next year. That is with the Broadsword acquisition, cost reductions and no increase in sales (of the existing business).
95.1 mil EBITDA FY13
16.5 mil EBITDA FY14 Broadsword (add)
10.0 mil Additional cost reductions FY14 (add)
-----------
121.6 mil EBITDA FY14 estimate (addition of all above)
===========
Use same ratio of EBITDA ---> NPAT (underlying)
95.1/58.4 = 1.6284
Use the ratio to guesstimate FY14 NPAT
121.6/1.6284 = 74.7 mil
Then EPS 32 cents
Not too shabby.
That's a F/C PE of 10.5
and maintaining a 60% payout ratio a dividend of 19.2 cents or a yield of 5.7%
I'm certainly going to hold onto mine for a while longer :-)
And as usual whenever it dips below $3 I'll stock up on some more.
- Forums
- ASX - By Stock
- SKE
- upgarded to strong buy
upgarded to strong buy, page-12
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SKE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online