"So that leaves the leftover business with no net debt, and about $4.6m in NPAT for the continuing business or about $0.04 per share. Given the pretty average quality businesses here i don't think i'd pay any more than like 10x PE for this thing, 15x if i'm really stretching it (save me the tech bro arguments please) so lets go ahead and say $0.50 + 0.58 (dividend) + 0.20 (tax asset) = $1.28 is probably a FAIR price for this. If you want it cheap you can pay much less. Personally was trying to buy it from $0.90-$1.00 the date this deal was announced but as eluded to above there was NO sellers (rightfully so)."
Looks like you were estimating $4.6m NPAT for a full year, hence my comment?
RKN Price at posting:
$1.32 Sentiment: None Disclosure: Not Held
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