i assumed NPAT of 45million, giving earnings of about 8.3c per share for the half. ive made some assumptions for performance in second half. 6c per share (roughly 40% higher than 2020, and 20% higher than 2019). multiplied that by the current PE ratio, took a bit off due to COVID uncertainty, and got my number. probably a very amateur way of doing it..
AX1 Price at posting:
$2.44 Sentiment: Buy Disclosure: Held
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