RMS 1.38% $2.20 ramelius resources limited

Ann: FY20 Financial Results Presentation, page-13

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  1. 147 Posts.
    lightbulb Created with Sketch. 109
    Just looking at the Actuals versus Broker estimates we could be in for a rerate if my quick analysis of last broker estimates are anything to go by:

    RMS Actuals NPAT $113.415M

    EPS. 16.4c

    Latest Hartley Research July 2020 Price Target $2.40

    Estimates NPAT for FY20 $87m (26.4m difference)

    EPS Estimate. 10.8c

    Latest Morgan Stockbroking June 2020 Price Target $2.31

    Estimates NPAT for FY20 $106m (7.4m)

    EPS Estimate. 0.13c

    Shaw Partners June 2020 Price Target $2.43.

    Estimates NPAT for FY20. $85m (28.$m)

    EPS Estimate. 0.11.6 C

    Ordinarily, analysts would revisit the previous estimates and reconfigure a new price target based on actuals. I may have made a mistake and happy to be corrected. Well done management you outperformed the market expectations big time.

    All IMHO





 
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