Why would you do that. DO both - CNP through 50 cents
and If we look at AFG it is currently trading on a historic PER of 1.4x and a forecast PER of 2.3x. This is based on consensus (Adjusted) EPS estimates of 40 cents a share.
If we assume the company is savable and lets say EPS drops by 30-40% due to sale of businesses (ignoring benefit of lost funding costs) then EPS falls to _30 cents a share. So at 95 cents we are trading at just over 3x PER.
Lets say confidence returns that they survive. A PER of say 8x probably achievable although it will probably spike at 10x before drifting back.
On this basis I can see a price of $2.40-$3.00 once the funding agreements are signed.
Given they are allowed to pay AFGHA note interest I am assuming the banks are comfortable with their positions at the moment.
hands up, page-3
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Last
$1.44 |
Change
-0.013(0.86%) |
Mkt cap ! $387.1M | |||
| Open | High | Low | Value | Volume |
| $1.44 | $1.46 | $1.43 | $157.2K | 108.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2124 | $1.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.44 | 9839 | 12 |
View Market Depth
| Last trade - 13.57pm 19/07/2024 (20 minute delay) ? |
| AFG (ASX) Chart |