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
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Last
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Change
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Mkt cap ! $214.3M |
Open | High | Low | Value | Volume |
98.5¢ | $1.04 | 98.5¢ | $315.1K | 310.0K |
Buyers (Bids)
No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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1 | 6537 | 1.005 |
1 | 45000 | 1.000 |
2 | 10000 | 0.985 |
4 | 19741 | 0.980 |
Price($) | Vol. | No. |
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1.020 | 4884 | 1 |
1.030 | 7500 | 2 |
1.035 | 5000 | 1 |
1.040 | 68334 | 3 |
1.050 | 28440 | 3 |
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Last
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Change
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Open | High | Low | Volume | ||
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