SOLD today.
My game plan was to sell out around nta plus franking credits.
nta at 31/12 /2019= $4.88
franking credits at 31/12/2019=$49.6M
net cash from capital raising = $24M
BUT $4M of that for business optimisation initiatives = restructure costs ?
Adjusting for the capital raisings nta + franking per share = ( 4.58 x 28.9 + ( 24 -4 ) +49.6 ) / 38.2 = $5.29
Last 3 years , earnings in the 2nd half have been negative.
Note revenue up 5.7% in 1st 11 weeks and 36.1% in 12 week of Qtr3 of FY20 so assume breakeven in 2nd half of FY20 before abnormals.
Eps= 32.9c in H1 of FY20.
Diluted EPS FY20 = ( 32.9 + 0 ) x 28.9 / 38.2 = 24.9 c
( For simplicity I'll ignore Deprec > capex and savings on interest from the capital raising )
At $5.49 , est P/E FY20 = 22.0
Not CHEAP .
The new CEO and new Chairman are well regarded which is a positive.
With a new CEO I'm wary of restructure costs and writedowns for at least 12 months.
eg store closure costs, inventory writedowns, retrenchments.
2 missed dividends.
A dilutive capital raising.
Both negatives for me.
No longer CHEAP on fundamentals.
Speculation that new CEO and Chairman can deliver on game plan is driving the price.
- Forums
- ASX - By Stock
- TRS
- Ann: Change in substantial holding
Ann: Change in substantial holding, page-11
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TRS (ASX) to my watchlist
(20min delay)
|
|||||
Last
$3.18 |
Change
0.000(0.00%) |
Mkt cap ! $118.5M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2 | $3.19 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.22 | 3290 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2 | 3.190 |
1 | 837 | 3.180 |
2 | 230 | 3.170 |
2 | 6313 | 3.150 |
2 | 1119 | 3.130 |
Price($) | Vol. | No. |
---|---|---|
3.220 | 3290 | 2 |
3.280 | 614 | 1 |
3.290 | 421 | 1 |
3.300 | 2757 | 2 |
3.390 | 3200 | 1 |
Last trade - 08.38am 02/10/2024 (20 minute delay) ? |
Featured News
TRS (ASX) Chart |
Day chart unavailable
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online