broker reports are coming out now reflecting the impact of the SPP.
forecast one year out earnings coming in around 15-16c per share. Dividends around 13c.
If yields drop down to around 5% in the future as I expect, then at 13c this would see a share price of around $2.60.
now this is risk that future retail trading will become much worse than currently anticipated leading to lower earnings and lower dividends.
but at a SPP price of $1.48 against a potential future price of $2.60 I believe gives quite a margin of safety, especially given the SPP will be used to pay off debt, leading to conservative gearing of 26%.
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Last
$2.47 |
Change
0.000(0.00%) |
Mkt cap ! $11.27B | |||
| Open | High | Low | Value | Volume |
| $2.46 | $2.48 | $2.46 | $31.67M | 12.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 37651 | $2.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.48 | 11899 | 7 |
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| VCX (ASX) Chart |