Not wishful thinking at all.
Current market cap 11.5B
Cash at Bank after Dec 2022 = roughtly $2B
EV = $9.5B
Earnings from new contract prices after tax = approx $2.9B per annum
Approximately $1 EPS
PLS is scheduled to earn tax free 30% of it's current EV and is trading at a little over a PE of 3.
With the future growth prospects of the company, show me a cheaper cash cow on the asx.
If GS didn't know all this, they wouldn't be doing it. If it wasn't worth buying, they wouldn't be pushing it down to accumulate.
After the Christmas break, when people do the sums, it will go back up and eventually reach new highs.
Good News & Bad News, page-20617
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Last
$2.92 |
Change
-0.060(2.01%) |
Mkt cap ! $8.789B | |||
| Open | High | Low | Value | Volume |
| $3.00 | $3.01 | $2.91 | $68.57M | 23.32M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 33426 | $2.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.93 | 27520 | 3 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |