The current market cap is $2.7B. If they are going to generate a profit of $1B over the next year, then you can expect that to flow into the market cap. Plus all foreseeable future earnings...
In other words, once they start producing dividends, it's impossible for the SP to stay at this level - it's too much of a 'steal' against basic fundamentals.
Somebody would need at least $3.5B, maybe $4B to buy out and they would need to be quick, lightning-quick before dividends appear. In the current market optics, I would consider this unlikely.
As always DYOR...
Target $4.61, page-5320
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Last
$6.01 |
Change
0.250(4.34%) |
Mkt cap ! $5.027B | |||
| Open | High | Low | Value | Volume |
| $6.01 | $6.05 | $5.90 | $73.47M | 12.24M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 28367 | $6.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.03 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| WHC (ASX) Chart |