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Share
5,487 Posts.
8940
08/10/07
20:26
Share
Value of loan book ... EPS
RAMS stat net profit is $15.1m (proforma is $43.5m).. using the $15.1m net profit after tax... apply that to the 28m shares on issue..
$15,106,000 / 28,025,201 shares = 53.9c earnings per share
what is the price now? 42c ??
WBC prices name + distribution franchise at 40c ... loan book generates 53.9c per share... Merill Lynch values RHG at much higher than 42c...
all will reveal itself i guess - but i'm tipping RHG to live on with WBC backing...
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