I think the market is finding it difficult to parse the outlook numbers, as we have the partial divestment and partial spin off of the Amplitel business in the middle of it all, and NBN etc.
A key factor is that their target for the part of the business that made 9 cps (in FY21) is about 17 cps in FY 25 (using 17% compound growth). As their bonuses will probably be based on this outlook, I presume they think they can get 20% or whatever, which would be about 19 cps in FY25. The multiple on that would be fairly high in this era of financial repression, where term deposits are loss making in real terms.
Lets see what happens
I think the market is finding it difficult to parse the outlook...
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Last
$4.93 |
Change
-0.040(0.80%) |
Mkt cap ! $56.12B | |||
| Open | High | Low | Value | Volume |
| $4.96 | $4.97 | $4.92 | $120.0M | 24.31M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 114 | $4.93 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.94 | 22000 | 1 |
View Market Depth
| Last trade - 16.13pm 01/08/2025 (20 minute delay) ? |
| TLS (ASX) Chart |