A poster on the new site Stocktrader posted this today from Craigs:
"Overweight rating remains. Price Target $3.32 (prev. $3.20).We retain our Overweight rating.
Our 12-month target price has increased 4% and remains based on a one-year forward PE of 10x. We assume a FY22 35cps special dividend, along with a 15cps final dividend which provides a potential 50cps/20% return to shareholders within the next few months, and a hypothetical ex-dividend forward PE of 6.0x.
We think FCF can support 22.5cps in ongoing dividends from FY23-FY26 at a 9.1% gross yield. This equates to 70% of our FCF forecast for the period vs. 50-80% payout policy. Key downside risks include: satellite churn, ARPU decline, cost of operational change & execution of technology path."
A 50cps total dividend expected (scrap any buyback, which would just take too damn long) would be very welcome!
@MarsC
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Last
$2.47 |
Change
0.090(3.78%) |
Mkt cap ! $340.0M |
Open | High | Low | Value | Volume |
$2.36 | $2.47 | $2.34 | $18.00K | 7.506K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2634 | $2.39 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.47 | 210 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2634 | 2.390 |
1 | 220 | 2.310 |
1 | 5000 | 2.260 |
1 | 2474 | 2.250 |
1 | 1332 | 2.220 |
Price($) | Vol. | No. |
---|---|---|
2.470 | 210 | 1 |
2.490 | 228 | 1 |
2.500 | 417 | 1 |
2.590 | 2390 | 3 |
2.600 | 30000 | 1 |
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