One has to look at maynes fundamentals.
Currently.
Share Price 2.88
NTA 2.15
PE 11.71
Div yield 4.86% 40% Franked.
With the Sale of Logistics the Companies
Cash Position will rise. Anybody know what
The cash Position will be after Buyback and
sale of Loomis? The Debt/Eq Ratio Will
Drop. I read to some where like 10%.
Fundamentally Mayne I think has one of
the strongest Balance Sheets of any Blue
Chip.
I guess after the 75M share buyback,
as it's 3% or so of shares on issue should
also benifit the company in earnings per
share as less shares on issue.
Looks Great. But Why Falling?
Why do people think?
If it goes to $2.50 Like some people mention. that will be a div yield of 5.6% and PE of around 10 or so.
Rgds,Mode.
SYB
symbion health limited
