future earnings predict in 2013 the first full year of production of $170m npat.i think maybe we have underestimated how much this company will really make & what the MC will be at that stage.i remember a sp predection of $6.30...this could be a conservative preliminary sp figure.
so compare TOLL which is the industry i work in,the latest half yearly they made npat of $170m so its double what of WPG in our first full year.
TOLL have a MC of around $3.8b therefore i would expect WPG to have a MC of about $1.9b or thereabouts come end of financial year 2012/2013. we will still only have about 250m shares on issue.
i might be wrong somewhere? if so correct me but it looks to me to be a SP of close to $7.60....?
$170m npat from a MC of $1.9b is about 9%...
however it may still be under the radar UNTIL the end of fy 2012/2013
if an offer does come then i would expect it to happen after the 2012/2013 period
what do you other guys think?
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