I’d be delighted if you areright but $3 is very ambitious. Per...

I’d be delighted if you areright but $3 is very ambitious. Per my earlier post “Underlying FY24 NPAT wasflat at $44.9m. Underlying eps [my calculation] were flat at 13.0c for bothyears. The 84c takeover price equates to a PE of 6.5x theunderlying eps, which is very low. These numbers vindicate the view of minority holders that a fair pricewould have been above $1.20.”

$3.00 wouldbe 23x underlying eps of 13.0c for both 24 and 23. Without eps growth a $3.00 shareprice would give an earnings’ yield of only 4.3%. I reckon it would need almost double the eps to justify $3.00. Not impossible but might need 4 or 5 years. I’d be very happy with $2.00. Not advice.