Hey, sorry I did not make it clear but I meant the shares are trading at around 5 aud. You are right last year UNPAT/Cash Earnings was at 33.6c. I assume this year we will prbably see 38-40c, considering the market recovery while earnings need time to adjust to new level of FUMAA. However UNPAT does follow the market and thus FUMAA. With the acquistions, although a little bit optimistic, I can see a path that we make 50c next year. Market is usually looking forward to next year earnings, not the current year. I assume it is the same in Australia.
All the screen I can see showing 29.4 in EPS and based on that FID is quite expensive, considering the sorry state in this sector. But if I was right and we do have underlying EPS come close to 50c in 19/20, then this is probably too cheap. But be advised no one other than those who have serious interests in this company have any incentives to look beyond headline P/E. This is likely the reason why it is quite cheap. Be prepared it will remain this way for a long time.
Liquidity will soon flood the market if Australia decides to do its own QE/stimulus. It is ironic to see the market remained flat while all other markets are making new highs and will finally break out when the economy is under more stress.
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Last
$7.68 |
Change
0.050(0.66%) |
Mkt cap ! $241.1M |
Open | High | Low | Value | Volume |
$7.70 | $7.70 | $7.66 | $48.97K | 6.386K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 71 | $7.60 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.68 | 70 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 71 | 7.600 |
2 | 665 | 7.500 |
1 | 140 | 7.490 |
1 | 409 | 7.470 |
1 | 65 | 7.460 |
Price($) | Vol. | No. |
---|---|---|
7.680 | 70 | 3 |
7.690 | 71 | 2 |
7.700 | 3406 | 2 |
7.740 | 150 | 1 |
7.750 | 2500 | 1 |
Last trade - 11.19am 27/06/2024 (20 minute delay) ? |
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FID (ASX) Chart |