$1.74 represents the market valuation for company owned property per share. the company has borrowings of around $38405m or about .495c per share. That is around $1.245 net per share for the company owned property. Put whatever value you like on the business and goodwill and $1.55 looks pretty good value!! The divi including franking credits is yielding about 9.5% assuming 10c total divi is maintained.
CLX Price at posting:
$1.53 Sentiment: Buy Disclosure: Held
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