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0.41%

$1.21 prl global ltd

Lowest Price in 15 Years, page-10

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kiwijohn

2 Posts.

11/02/16

13:26

Post #: 16995265
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Originally posted by Warnie ↑

Trying to find a fair and lowball price for this one is probably the next step.

using FY16 figure will not be a good indicator due to one off costs and depreciation, so rather look at FY17 guidance in this case.

Using 250m shares and FY17 lower estimate guide...

$100m EBITA
Using similar figures to FY16 estimates re int, dep etc..
I come up with circa $20m NPAT after FF divvy of 8cps.
(not allowing for one off Dep re Marine and one off integration costs)

Fair value IMO is 10x full NPAT = $400m
On EBITA basis 4x is about right = $400m

$400m less 20% debt ($60m reduction for further comfort) = $340m

or $1.36cps or $1.44cps with divvy

So IMO oversold here and have bought today based on my back of envelope calcs.

Good luck all.

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Warnie, Your back of envelope calculations seem to tie in with Ord Minnett's latest analysis - they estimate a target price of $1-40 by Sept 16th 2016.

PRG Price at posting: $1.02 Sentiment: Hold Disclosure: Held
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0 Great analysis

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(20min delay)
Last $1.21		Change 0.005(0.41%)		Mkt cap ! $139.5M

Open	High	Low	Value	Volume
$1.21	$1.21	$1.21	$439	363

Buyers (Bids)

No.	Vol.	Price($)
1	812	$1.23

Sellers (Offers)

Price($)	Vol.	No.
$1.25	3	1

View Market Depth

No.	Vol.	Price($)
1	812	1.225
1	963669	1.200
1	1	1.120
1	4700	0.950
1	770	0.650

Price($)	Vol.	No.
1.250	3	1
1.270	4846	1
1.280	5000	1
1.350	5000	1
1.400	5000	1

Last trade - 10.06am 11/11/2024 (20 minute delay)

PRG (ASX) Chart

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