Acquisitions since then: 63 for $105 million at 4 EBIT or 5.5 NPAT = $19 mill Sterling for $228 million 7.5 NPAT = $27.5 mill 7 at 16 million 5.5 NPAT = 3 Mill
That all adds up to about 80 million, it also does not account for second half of 2013 where some were purchased mid way so it could wash out closer to 90 million for FY 2015. (Feel free to challenge these figures)
This is a PER based on current market cap on CommSec however not sure if there are any material amount of shares to be issues still?
Not a bad price considering PER of 15 and yield of 5% with highly stable and defensive earnings.
As shown on previous post debt interest can be more than covered on EBIT of 6 purchases.
We will see what the government does with the rebates but in the end they want women back to work, they need productivity from these experienced workers so we shall see.
GEM Price at posting:
$4.22 Sentiment: LT Buy Disclosure: Held
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