Further research suggests potential for this to run.
Current speculation is almost certainly regarding their full year result due in January.
Profit may well come in over and above 190mill target. They have stated that they have so far earned 60% of their full year target in the 9 months to September.
Their final quarter is always their best so this may boost the figure beyond the 190 target..
As an example if earnings came in at 225mill, earnings per share would be around 25.7 cps. Stock price target 2.60
If earnings came in at 190mill, earnings per share would be around 21.7 cps. Stock price target 2.20
Add to this the 8% in divis and distributions and youve got a pretty fat little trade.
My guess, without seeing the broker report which is obviously out there, is they are talking 2.60 a share.
Any thoughts?
7w
Read the red stuff. I am a coconut vendor
Further research suggests potential for this to run.Current...
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