Takeover target

  1. 2,968 Posts.
    lightbulb Created with Sketch. 227
    With NTA Dec 31st of $1.57 and a franking credit balance of $70m this is a sitting duck for a takeover imo. NTA likely over $1.60 now.

    Pay a fat dividend to unleash that 70m franking credit balance (that's not included in NTA) and the suitor can get SVR for NTA while still offering a premium.

    $1.57 NTA in Dec, less dividend paid 7c (small adjustment for DRP and buybacks), add after tax earnings for 3 months of a conservative say 11c and NTA is ~ $1.61 right now.

    Management have to do something to justify their existence, EV ~$25m on a market cap of $350m and they are making $1m profit a week = Takeover target imo
 
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(20min delay)
Last
$1.59
Change
0.000(0.00%)
Mkt cap ! $307.5M
Open High Low Value Volume
$1.58 $1.60 $1.55 $307.4K 195.5K

Buyers (Bids)

No. Vol. Price($)
2 28568 $1.54
 

Sellers (Offers)

Price($) Vol. No.
$1.60 6000 1
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Last trade - 16.10pm 28/07/2025 (20 minute delay) ?
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