FKP - FKP PROPERTY GROUP ABN Amro rates FKP as Buy - Target $5.74 (was $4.00). The Lend Lease ((LLC)) bid puts the stock in play but there will be more to come in the broker's view. Supporting this view is the broker's estimate group NTA of $4.96 is somewhat conservative, so it retains its Buy rating.
Target price is $5.74 Current Price is $5.05 Difference:$0.69 - (brackets indicate current price is over target). If FKP meets the ABN Amro target it will return approximately 14% (excluding dividends, fees and charges - negative figures indicate an expected loss).
The company's fiscal year ends in June. ABN Amro forecasts a full year FY08 dividend of 31.70 cents and EPS of 57.00 cents . At the last closing share price the estimated dividend yield is 6.28%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 8.86.
Market Sentiment: 0.6
FKP Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
