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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SVR
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0.63%
!
$1.61

Takeover target
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Last
$1.61 |
Change
0.010(0.63%) |
Mkt cap ! $312.9M |
Open | High | Low | Value | Volume |
$1.63 | $1.63 | $1.60 | $26.17K | 16.22K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 236 | $1.61 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.62 | 1941 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 242 | 1.610 |
5 | 1553 | 1.605 |
3 | 1732 | 1.600 |
3 | 2673 | 1.595 |
1 | 1401 | 1.590 |
Price($) | Vol. | No. |
---|---|---|
1.615 | 1941 | 5 |
1.620 | 4345 | 4 |
1.625 | 1947 | 3 |
1.630 | 7121 | 3 |
1.635 | 1647 | 2 |
Last trade - 13.18pm 31/07/2025 (20 minute delay) ? |
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SVR (ASX) Chart |