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54.5¢ slater & gordon limited

AGM soon, page-210

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Doug Diamond

3,223 Posts.

482

13/09/16

12:42

Post #: 19119323
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Originally posted by Braintot ↑

Thanks Maz, brilliant!

So lawyer's weekly expects
1.5% of $23 B ie $345 earnings to go to S&G in Australia in the current financial year

and 1.5% of $3.3 B profits to go to S & G ie $49.5 M ie with 352.4 M shares, that's 14c profits per share in Australia alone.

And that is enough for the share price to go conservatively to $1.50 to $2 (comparing with low point at 2011/2012).

And never begin a sentence with "And" unless you are very excited.

If the UK contributes an equal amount, I would expect SP to go to $3 to $4 based on these numbers.

Do these numbers seem right? If so and it gets out SGH will be too expensive to accumulate soon. Need confirmation at AGM &/or Feb.

Expand

And the net profit expected ( across the entire industry ) is 14.3 % of the total revenue ....

And , if we assume SGH to earn $ 908 million across Australia and the UK ... ... then Slaters could earn a NPAT of $ 130 million ... if not this year ... more likely then , next year ...

And that would be aroundabouts 35 cents EPS ....

And where do you reckon the SP would be then , huh , circa 2018 !

Last edited by Doug Diamond: 13/09/16

SGH Price at posting: 41.5¢ Sentiment: Buy Disclosure: Held
14 Upvote

0 Great analysis

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