WSA 0.00% $3.86 western areas limited

Why I think that if IGO bids it needs to be at least $4.00 per share., page-63

  1. 5,322 Posts.
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    NPAT of $549m includes an abnormal gain of $385m on sale of tropicana.

    Take that out, and it's a $144m gain. There won't be that gain in next years results.

    Trailing PE of 50 ($7.2b MC / $144m = 50)

    Ouch.
 
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