FY24 Results Estimate from Goldman Sachs = NEGATIVE NET INCOME of $18.3M
Furthermore, if you strip out intangibles from their Balance Sheet, you end up with NEGATIVE $300M+ of Net Assets (Equity).
Would you pay $2.5Billion at its current market capitalisation for this??? When will dividends be paid? Not for another 5+years and even then that will be miniscule. Add to that when they break up their monopoly, they will end up with even less valuation.
The writing is on the wall. This company is toast and will be shorted the hell out of back to fair value. Short term targets are back to below $12 or 13%+ downside within the month.
FY24 Results Estimate from Goldman Sachs = NEGATIVE NET INCOME...
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Last
$13.67 |
Change
-0.140(1.01%) |
Mkt cap ! $2.452B | |||
| Open | High | Low | Value | Volume |
| $13.83 | $13.87 | $13.62 | $835.2K | 60.89K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 954 | $13.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.68 | 537 | 13 |
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| Last trade - 13.00pm 23/07/2024 (20 minute delay) ? |
| PXA (ASX) Chart |