Ann: PNG Sales Order and FY23 Guidance Upgrade, page-3

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    Underlying NPAT: $28m
    SOI: 263.65m

    10 = x / 0.1062

    x = 1.062

    Share price fair value = $1.06

    I don't believe the share price will reach $1.06 at the end of the financial year. Probably slightly less than this due to the Heinrich asset acquisition. Statutory NPAT won't look as appealing for retail investors.

    The company has suggested multiple times that FY24 will be a growth year. This means that we should surpass $1.06 in FY24. Thats a minimum 30% increase on current share price. I personally think shares at current price are still a bargain.

    Last edited by toby9562: 21/04/23
 
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