opening price predictions, page-18

Westpac says "Our valuation based on an FY10 EV to EBITDA multiple of 10 rises to around $1.60. We therefore recommend shareholders subscribe to the offer. Our valuation may be revised higher following further analysis."
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Revised higher following further analysis is pretty positive sentiment you would say. Having watched the stock over the last couple of months I would say that there is plenty of support around the $1.30 - $1.40 so I can't see it going any lower than that. Plenty of upside with less debt. How long till a divi paid would be my next question?