A price of $27 a share (AU$5.30) is a respectable cash bid for Felix and around $25 a share in stock.
Felix will treble coal production in 3 years time with more to go for.
Profits this year should come out at around $400+ million and treble that $1.2 billion ($850 million after tax). A $2.50 dividend FULLY FRANKED would cost $490 million, leaving $360 million to carry over.
YES INDEED! Even $3.00 could easily be afforded: At $27 a share and a dividend of $3.00, Felix would be on a yield fully franked of 11% on a PE6.2. Some might say, "STILL CHEAP" for 2013.
ANYTHING UNDER AU$27 IS A STEAL and a shame on the management of Felix Resources.
27 dollars a share - respectable bid for felix
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Mkt cap ! $40.89M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 7500 | 1 |
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| Last trade - 16.12pm 29/07/2024 (20 minute delay) ? |
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