Somebodys buying lets go $1.50, page-42

Why do people let their shares go so cheaply? This has been classic price suppression by PPT. They are accumulating and have only about 1m more they can take on before they hit the 15% buffer. It amazes me that people sell at all when they see PPT accumulate, as they have been. To me this is classic stock market taking money from the inpatient and passing it to the patient
Shorts are under half of their march peak, and trade below 2000 contracts most days, and I dare say these are all used strategically to buy down 3-4c on very low numbers, tapping the low of the day then causing the weak hands to wobble.
SHJ have forecast EBITDA of 24-28M. Going forward this becomes the regular 6month EBITDA of 25M or 10.5c EPS per half year. Annualised without growth this is 21c ; Even at 40% distribution this is a minimum 8c annual dividend Franked.
at $1.10 this is way over 10% return on your money. At $1,50 its still 3 times the RBA rate and it doesn't hit term deposit rates until about $2.75.
Daniel Wilke has runover the books with a fine tooth comb. He is a man who built a stellar reputation in the insurance/banking game not only for running tight books ; but for returning excess funds to shareholders by way of special dividend.
Remembering this does not factor in any growth and SHJ has historical and future growth potential of over 15% p.a. The thing with only paying out 40% divi is SHJ will have enough cash to retire over half of their debt, the next half would be gone by Christmas. This would see SHJ 16/17 with a turnover of $175M EBIT of way over 50M and debt free. After retiring all debt on the low side that is $25M of post tax profit 16/17; which without further debt to retire becomes $35M of post tax profit with nothing to do but acquire or distribute.
I'm calling a:
1) 27M EBIT (10.5c EPS)
2) 4c dividend minimum with potential for 5c.
3) Forecast guidance of $50M EBIT 17/18 or EPS > 20c