Appears nobody is prepared to speculate on what is a fair SP.
My thoughts are.
Positive inflows ,upbeat management commentary and expected growth in earnings and dividends this FY I feel a 15XPE is probably fair value at present point in time. If earning come in around 60/65cps price might settle between $9/$10.
If management come out with some forward guidance and we can see earnings heading towards 80cps FY23 I see the multiple moving to 17.5x by HY earnings announcements. If 35/40cps can be posted might see a SP around $12.
If my forecast earnings for FY23 of 80cps is achieved and inflows continue a 20x multiple is a possibility but probably a top of the range.
Earnings and price upside could come from any new boutique additions.
Downside. Earnings don’t meet expectations PE would probably depress back towards 12x.
Cheers Greg.
Appears nobody is prepared to speculate on what is a fair SP. My...
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Last
$10.15 |
Change
0.000(0.00%) |
Mkt cap ! $523.4M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 789 | $10.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.29 | 3374 | 5 |
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| Last trade - 10.41am 29/04/2024 (20 minute delay) ? |
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