I feel like I have been with this stock forever and I also feel like KSL is well managed but banged about by external factors eg the failed Westpac purchase. Now we potentially have a somewhat arbitrary tax grab. I have always assumed a PE of eight is about right for the risk involved. Sticking with that let’s assume no profit growth from last year and apply the new tax rate - you end up up with earnings of ten cents ie the stock gets valued at 80 cents. Let’s assume profit growth of 10 % and we can value the stock at 88 cents. Of course if you get growth and the tax isn’t applied then let’s say it’s worth $1.20.
Personally despite brave words from Pawson I think the new tax rate will apply, they will grow earnings and so 90 cents to $1.00 figure in about twelve months. Don’t get greedy Don’t get excited that would be my motto with this stock
Just my own opinion
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Last
$1.01 |
Change
-0.020(1.94%) |
Mkt cap ! $290.3M |
Open | High | Low | Value | Volume |
$1.04 | $1.04 | $1.01 | $269.8K | 266.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 35038 | $1.01 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.02 | 27565 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 35038 | 1.010 |
2 | 111634 | 1.005 |
3 | 10754 | 1.000 |
1 | 9000 | 0.985 |
1 | 5000 | 0.970 |
Price($) | Vol. | No. |
---|---|---|
1.020 | 27565 | 1 |
1.035 | 9946 | 1 |
1.040 | 20000 | 1 |
1.050 | 6891 | 2 |
1.065 | 24460 | 1 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
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