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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Takeover target
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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. |
---|---|---|
$1.60 | 6000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 28568 | 1.540 |
2 | 9138 | 1.530 |
1 | 1386 | 1.520 |
1 | 1000 | 1.510 |
1 | 4600 | 1.505 |
Price($) | Vol. | No. |
---|---|---|
1.595 | 6000 | 1 |
1.640 | 8020 | 1 |
1.650 | 59227 | 4 |
1.660 | 3875 | 2 |
1.665 | 23820 | 2 |
Last trade - 16.10pm 28/07/2025 (20 minute delay) ? |
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SVR (ASX) Chart |