A poster on the new site Stocktrader posted this today from Craigs:
"Overweight rating remains. Price Target $3.32 (prev. $3.20).We retain our Overweight rating.
Our 12-month target price has increased 4% and remains based on a one-year forward PE of 10x. We assume a FY22 35cps special dividend, along with a 15cps final dividend which provides a potential 50cps/20% return to shareholders within the next few months, and a hypothetical ex-dividend forward PE of 6.0x.
We think FCF can support 22.5cps in ongoing dividends from FY23-FY26 at a 9.1% gross yield. This equates to 70% of our FCF forecast for the period vs. 50-80% payout policy. Key downside risks include: satellite churn, ARPU decline, cost of operational change & execution of technology path."
A 50cps total dividend expected (scrap any buyback, which would just take too damn long) would be very welcome!
@MarsC
guess the dividend, page-9
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$2.47 |
Change
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Mkt cap ! $341.4M | |||
| Open | High | Low | Value | Volume |
| $2.46 | $2.48 | $2.46 | $7.679K | 3.11K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1260 | $2.46 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.50 | 5313 | 3 |
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