Why would you do that. DO both - CNP through 50 cents
and If we look at AFG it is currently trading on a historic PER of 1.4x and a forecast PER of 2.3x. This is based on consensus (Adjusted) EPS estimates of 40 cents a share.
If we assume the company is savable and lets say EPS drops by 30-40% due to sale of businesses (ignoring benefit of lost funding costs) then EPS falls to _30 cents a share. So at 95 cents we are trading at just over 3x PER.
Lets say confidence returns that they survive. A PER of say 8x probably achievable although it will probably spike at 10x before drifting back.
On this basis I can see a price of $2.40-$3.00 once the funding agreements are signed.
Given they are allowed to pay AFGHA note interest I am assuming the banks are comfortable with their positions at the moment.
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Last
$1.55 |
Change
-0.008(0.48%) |
Mkt cap ! $419.6M |
Open | High | Low | Value | Volume |
$1.55 | $1.57 | $1.54 | $92.49K | 59.58K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 756 | $1.55 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.56 | 1566 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 1366 | 1.550 |
6 | 3919 | 1.545 |
9 | 9502 | 1.540 |
8 | 15573 | 1.535 |
7 | 17541 | 1.530 |
Price($) | Vol. | No. |
---|---|---|
1.555 | 1566 | 4 |
1.560 | 4897 | 5 |
1.565 | 5741 | 7 |
1.570 | 20503 | 8 |
1.575 | 15993 | 7 |
Last trade - 14.19pm 19/08/2024 (20 minute delay) ? |
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