The overarching issue is that the co. will only generate ~$0.18 in eps for FY23 (thats at the top end of consensus). Its hard to buy when its trading at a 15x multiple in the current env.
Having said this the co. is a mkt leader so its hard to replicate scale and should therefore command a higher premium.
I think $2.20-$2.40 presents better value. Otherwise there is better value elsewhere.
Ann: Notification regarding unquoted securities - ING, page-6
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Last
$3.60 |
Change
-0.040(1.10%) |
Mkt cap ! $1.338B | |||
| Open | High | Low | Value | Volume |
| $3.65 | $3.68 | $3.59 | $3.264M | 902.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3278 | $3.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.61 | 16024 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| ING (ASX) Chart |