On the face of it FEX could look to bank the current market cap in cash with a full year of trading. So an annualised dividend of $0.15 is entirely possible. If that is the case I would say a dividend yield calculation could be used to value the company and a price of $0.80 is also possible. That would set the dividend at a rate of 18.75% p.a. which is a very big return on investment. Much better than any interest bearing investments and most rental properties.
Just my ramblings and why I've decided to buy in now.
FEX Valuation, page-234
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Last
26.5¢ |
Change
-0.005(1.85%) |
Mkt cap ! $190.9M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.5¢ | 26.5¢ | $186.4K | 690.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 970130 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 91662 | 2 |
View Market Depth
| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| FEX (ASX) Chart |