2ic
I have a broker report now dated 4 July.
Excerpts
FY09
NPAT $44 million
eps 11.5 cents
dividend 2 cents
PE 7
EV/EBITDA 8
Net debt/equity 134%
FY10
NPAT $51 million
eps 13 cents
dividend 4 cents
PE 6
EV/EBITDA 7
Net debt/equity 127%
Price target 90 cents
Valuation on DCF $1.00 (reduced from $1.24)
Dividends are franked