I had a look at UBS. It is interesting. They have adjusted their valuation from $22.80 to $10.90
Their assumptions going forward seem very conservative. Revenue only increasing to $A120 million in FY28. EPS of zero for FY25, increasing to 14 cents in FY28. If you compare with revenue of $A70 million in FY23 that implies a growth rate over 5 years of 11.4% per year average. Plus not much profit.
And based on that, they still value AD8 at $10.90
Personally if I really believed those projections for earnings and profits, I don't think I would be paying $10.90
Ann: FY24 Preliminary Unaudited Results & FY25 Outlook, page-61
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Last
$10.17 |
Change
0.020(0.20%) |
Mkt cap ! $847.5M | |||
| Open | High | Low | Value | Volume |
| $10.24 | $10.70 | $10.11 | $2.531M | 245.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2090 | $10.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.25 | 1002 | 1 |
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| Last trade - 16.10pm 14/10/2024 (20 minute delay) ? |
| AD8 (ASX) Chart |