For most shareholders I think the bid failure will great news.
HSN has guided revenue growth to 500m+ by 2025 and stated they do not consider this a ‘stretch target’.
They did not offer EPS guidance but with the revenue guided to grow by >50%, (from the FY21 $325m), it would not be unreasonable to project a similar level of EPS growth…
A back of the envelope projection of the fy21 EPS at similar growth rate and multiplying the result by current PE levels would give a share price estimate for 2025 of $8-9. Adding in dividends, this gives a reasonably likely return well in excess of 15%pa… for medium/longer term buy & hold investors.
This is without factoring in that at these growth rates it is likely at some stage HSN’s PE ratio will be re-rated upwards.
So… to each their own, and DYOR,… however I am delighted to see BGH drop the bid… and I will be topping up during market weakness.
As the board has shown they are open to offers.. I wouldn’t be surprised if others run their ruler over HSN in future. if so…hopefully the board will manage any future approaches a lot better …and for the interests of all shareholders.
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For most shareholders I think the bid failure will great news....
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Last
$4.36 |
Change
-0.010(0.23%) |
Mkt cap ! $887.3M |
Open | High | Low | Value | Volume |
$4.31 | $4.39 | $4.30 | $536.9K | 123.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2999 | $4.36 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.39 | 338 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2999 | 4.360 |
2 | 4382 | 4.340 |
5 | 4373 | 4.330 |
3 | 1538 | 4.320 |
1 | 338 | 4.310 |
Price($) | Vol. | No. |
---|---|---|
4.390 | 338 | 1 |
4.400 | 3336 | 2 |
4.410 | 3336 | 3 |
4.420 | 334 | 1 |
4.430 | 334 | 1 |
Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
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