FSA have finalised their SPP.
Now they have just under 130 million shares and if they match this year's after tax returns of 8.8 million, that's 6.7 cents per share.
Multiply that by an average p/e ratio of 15.
6.7 * 15 = 100.5 cents!!!
Current p/e ratio at today's price is only 5.7.
And that's not the last of it... Add their additional value into the lending market...
IMO, it will take time to gather momentum but this is one of the best 'non-mining' companies out there. Get-on-board as this train is heading north soon!
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