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20.3¢ strike energy limited

Ann: South Erregulla Success Unlocks Project Haber, page-187

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ReadOnly99

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08/03/22

20:26

Post #: 60068697
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Originally posted by Oddoneout: ↑

Wishful thinking?

At a $10 billion market cap, shareholders would expect a fully franked return of around four per cent p.a. So here's how it looks:

10,000,000,000 x 0.004 = 400,000,000 ($400 million) in fully franked dividends

Assuming a payout ratio of 60 per cent, that means Strike would need to generate NPAT of $600 million, which implies sales of, what? $1.5 billion? In five years time? Hmmm, without forensic analysis, it sounds like a bit of a stretch. I'd be more inclined towards a share price of $2 in five years time.

4,000,000 x 0.004 = 160,000,000 in dividends, implying sales of more like $400 million.

Throw open to the forum here. What does $400 million in gas sales look like? Or are both of us talking absolute shite? (I know I would take $2 in five years.)

PS: I have no idea of the profit margin for gas suppliers. My ratios could be miles out

OOO

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4% is 0.04 but it looks like you used that anyway.

STX Price at posting: 29.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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