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.
- Forums
- ASX - By Stock
- Ann: Fiducian to acquire MyState's financial planning business
Hey, sorry I did not make it clear but I meant the shares are...
-
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FID (ASX) to my watchlist
|
|||||
Last
$7.50 |
Change
-0.150(1.96%) |
Mkt cap ! $236.0M |
Open | High | Low | Value | Volume |
$7.61 | $7.61 | $7.47 | $44.14K | 5.855K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 128 | $7.50 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.59 | 3 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 133 | 7.490 |
1 | 409 | 7.470 |
2 | 2905 | 7.450 |
1 | 5000 | 7.350 |
1 | 106 | 7.310 |
Price($) | Vol. | No. |
---|---|---|
7.650 | 160 | 1 |
7.700 | 501 | 1 |
7.750 | 2500 | 1 |
7.800 | 4375 | 1 |
7.890 | 254 | 1 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
Featured News
FID (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online