It depends on announcements.
1. there is a reasonable turnaround plan announced, terms extended on liabilities, tax deferment, and asset sales, could be above $0.50c (Most likely). Then after 6 months of turnaround, value grows as revenue recovers and liabilities paid. Over $0.80c in a year from now.
2. If management decide to consolidate, focus Qld only, sell NSW, then then following sale, SP could near double as the current MC of $1.3bn boosted by a $1bn asset sale and cutting NSW risk and loss making, so a SP over $0.75c+ (somewhat likely).
3. If take over offer announced, whatever that offer is, subtract a cent or so. Maybe $0.65c+ (possible).
4. If put into administration, wont trade (improbable). Liquidation of NTA, then fire sale, leaving maybe $0.40c minimum (least likely at this time)
I think turnaround and then takeover offers are the most likely course of events.
DYOR. NFA. IMO.
It depends on announcements. 1. there is a reasonable turnaround...
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Last
21.5¢ |
Change
-0.005(2.27%) |
Mkt cap ! $616.7M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.3¢ | 21.3¢ | $3.240M | 14.98M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 214483 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 556902 | 13 |
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| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| SGR (ASX) Chart |