your logic is very simplistic in my opinion, and yet your outcome of $7.50 is nevertheless realistically achievable.
I personally think the markets consensus FY2021 profits are going to be revised downwards as we go through FY2021.
As mentioned in the previous post look at the Fitch ratings report issued a couple of weeks ago, and go through the catalysts and see if they are likely to roll further into FY2021
Expecting earning downgrades soon, page-23
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Last
$16.39 |
Change
0.110(0.68%) |
Mkt cap ! $24.67B | |||
| Open | High | Low | Value | Volume |
| $16.11 | $16.47 | $16.07 | $55.25M | 3.374M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14975 | $16.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.40 | 5185 | 1 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| QBE (ASX) Chart |