With NTA Dec 31st of $1.57 and a franking credit balance of $70m this is a sitting duck for a takeover imo. NTA likely over $1.60 now.
Pay a fat dividend to unleash that 70m franking credit balance (that's not included in NTA) and the suitor can get SVR for NTA while still offering a premium.
$1.57 NTA in Dec, less dividend paid 7c (small adjustment for DRP and buybacks), add after tax earnings for 3 months of a conservative say 11c and NTA is ~ $1.61 right now.
Management have to do something to justify their existence, EV ~$25m on a market cap of $350m and they are making $1m profit a week = Takeover target imo
Takeover target
Add SVR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
97.5¢ |
Change
-0.015(1.52%) |
Mkt cap ! $205.9M | |||
| Open | High | Low | Value | Volume |
| 98.5¢ | 98.5¢ | 97.5¢ | $201.8K | 206.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 20162 | 97.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 98.5¢ | 2910 | 1 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
|
|||||
|
Last
98.0¢ |
Change
-0.015 ( 0.00 %) |
||||
| Open | High | Low | Volume | ||
| 98.0¢ | 98.5¢ | 97.5¢ | 17313 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| SVR (ASX) Chart |