The devil will be in the detail on Thurs when the results hit the street.
If the San Miguel deal is on then the trade off is can management charm offset a perceived moderation in the sum of forward cash flows at group level?
In emerging markets Sod's law is prevalent everywhere, no matter what WACC is used to discount back cash flows - an incremental premium needs to be factored into the hurdle rate for every new project.
I wouldn't be surprised if the stock re-tests $5 post going XD if management fail to articulate the Asian expansion story well enough. ANZ is the benchmark and that has been an unmitigated disaster.
TLS may Double Bottom at $5.14, page-144
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Last
$3.96 |
Change
-0.005(0.13%) |
Mkt cap ! $45.35B | |||
| Open | High | Low | Value | Volume |
| $3.97 | $3.98 | $3.92 | $55.67M | 14.09M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 76 | 408355 | $3.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.96 | 484117 | 93 |
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| Last trade - 15.28pm 13/09/2024 (20 minute delay) ? |
| TLS (ASX) Chart |