That's exactly how I see it, Ocker, with one exception: the synergies are very material in the context of pro forma merged NPAT.
Even at $25m of synergies (which was the first merger synergy number they mentioned prior to revising it upwards to $40m (I think), that that translates to $17.5m after tax which, is 20% accretive to the starting figure of $84.6m.
If you include the mooted synergies, you get NPAT around $100m, or EPS of 40cps.
Using 8x or 9x P/E now yields a share price between $3.20 to $3.60.
- Forums
- ASX - By Stock
- SKE
- Final Dividend for 2014/2015?
Final Dividend for 2014/2015?, page-5
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SKE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online