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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$2.42 |
Change
0.020(0.83%) |
Mkt cap ! $333.1M |
Open | High | Low | Value | Volume |
$2.43 | $2.43 | $2.40 | $21.84K | 9.06K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 299 | $2.32 |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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1 | 92 | 2.300 |
1 | 1500 | 2.260 |
1 | 5216 | 2.160 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
2.450 | 793 | 1 |
2.500 | 13264 | 2 |
2.600 | 5374 | 2 |
2.650 | 12500 | 1 |
2.790 | 29234 | 2 |
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