Why would you do that. DO both - CNP through 50 cents
and If we look at AFG it is currently trading on a historic PER of 1.4x and a forecast PER of 2.3x. This is based on consensus (Adjusted) EPS estimates of 40 cents a share.
If we assume the company is savable and lets say EPS drops by 30-40% due to sale of businesses (ignoring benefit of lost funding costs) then EPS falls to _30 cents a share. So at 95 cents we are trading at just over 3x PER.
Lets say confidence returns that they survive. A PER of say 8x probably achievable although it will probably spike at 10x before drifting back.
On this basis I can see a price of $2.40-$3.00 once the funding agreements are signed.
Given they are allowed to pay AFGHA note interest I am assuming the banks are comfortable with their positions at the moment.
hands up, page-3
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Last
$1.40 |
Change
-0.030(2.11%) |
Mkt cap ! $377.7M | |||
| Open | High | Low | Value | Volume |
| $1.42 | $1.42 | $1.40 | $125.6K | 89.45K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14463 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.41 | 2968 | 3 |
View Market Depth
| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| AFG (ASX) Chart |