NCK

1.29%

$14.13 nick scali limited

Ann: Acquisition of Plush-Think Sofas, page-9

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swanningaround

1,309 Posts.

13/10/21

11:34

Post #: 56762408

on the back of this acquisition
Originally posted by CaptainBarnacles: ↑
from fnarena FYI:
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET
1 Citi 06/10/2021 1 Buy $16.80 36.25%
2
COMMENTARYCiti believes the acquisition of Plush is a "great deal" as the price paid is attractive and there is opportunity for the cost and revenue synergies.The broker also believes the acquisition is low risk because of the similarities in the business model. The broker also points out consensus has been factoring in a -25% decline in earnings per share despite a strong housing cycle and firm order book.Citi reiterates a Buy rating and raises the target to $16.80 from $13.80.FORECASTCiti forecasts a full year FY22 dividend of 55.00 cents and EPS of 75.40 cents.Citi forecasts a full year FY23 dividend of 68.30 cents and EPS of 92.20 cents.

Citi seems to be a believer. forecasting eps of 92.2c in FY23, that's about 14x fc PE(FY23) right now
Expand
we could go well north of this prediction as well

NCK Price at posting: $14.10 Sentiment: None Disclosure: Held

Upvote

0 Great analysis

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(20min delay)
Last $14.13		Change 0.180(1.29%)		Mkt cap ! $1.204B

Open	High	Low	Value	Volume
$13.95	$14.33	$13.88	$2.605M	183.5K

Buyers (Bids)

No.	Vol.	Price($)
1	849	$14.13

Sellers (Offers)

Price($)	Vol.	No.
$14.18	200	1

View Market Depth

No.	Vol.	Price($)
1	849	14.130
1	858	14.110
2	858	14.100
1	858	14.080
1	1000	13.910

Price($)	Vol.	No.
14.180	200	1
14.270	2402	2
14.290	858	1
14.310	858	1
14.320	858	1

Last trade - 16.10pm 18/07/2024 (20 minute delay)

NCK (ASX) Chart

Ann: Acquisition of Plush-Think Sofas, page-9

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	BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET
1	Citi	06/10/2021	1	Buy	$16.80	36.25%
2	COMMENTARYCiti believes the acquisition of Plush is a "great deal" as the price paid is attractive and there is opportunity for the cost and revenue synergies.The broker also believes the acquisition is low risk because of the similarities in the business model. The broker also points out consensus has been factoring in a -25% decline in earnings per share despite a strong housing cycle and firm order book.Citi reiterates a Buy rating and raises the target to $16.80 from $13.80.FORECASTCiti forecasts a full year FY22 dividend of 55.00 cents and EPS of 75.40 cents.Citi forecasts a full year FY23 dividend of 68.30 cents and EPS of 92.20 cents.

Ann: Acquisition of Plush-Think Sofas, page-9

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