Just testing if someone care to check my calc.
LYC is not so rosy....
------------------ 4t c - JPM - Patts
2015 NPAT ==== $257m $216m $578m
PE10 SP Gain == 2x = 1.7x = 4.3x in 2.5 years.
PE10 SP ====== $1.17 $1.00 $2.60
Annual 10% return = 2x in 7.5 years
Therefore if I invest in 2 similiar companies, the same $ amount, 1 can go bust. The after tax return is still better than the opportunity /cost of capital of 10% with growth in 2016 and later.
Why is the market pricing LYC at such high risk ???
Or the market read the 4-traders consensus as rubbish ???
I think the market have to re price LYC very soon - b4 April, June, August 2013 ???
-SP jumps at every milestone.
paterson's latest lyc report, page-55
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 (20min delay)
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Last
$6.11 |
Change
-0.180(2.86%) |
Mkt cap ! $5.711B | |||
| Open | High | Low | Value | Volume |
| $6.12 | $6.15 | $6.07 | $17.65M | 2.889M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 26354 | $6.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.15 | 3758 | 2 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |