Wishful thinking?
At a $10 billion market cap, shareholders would expect a fully franked return of around four per cent p.a. So here's how it looks:
10,000,000,000 x 0.004 = 400,000,000 ($400 million) in fully franked dividends
Assuming a payout ratio of 60 per cent, that means Strike would need to generate NPAT of $600 million, which implies sales of, what? $1.5 billion? In five years time? Hmmm, without forensic analysis, it sounds like a bit of a stretch. I'd be more inclined towards a share price of $2 in five years time.
4,000,000 x 0.004 = 160,000,000 in dividends, implying sales of more like $400 million.
Throw open to the forum here. What does $400 million in gas sales look like? Or are both of us talking absolute shite? (I know I would take $2 in five years.)
PS: I have no idea of the profit margin for gas suppliers. My ratios could be miles out
OOO
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