its a decent business that got caught up in the lockdowns and has suffered as a consiquence with its EPS 43% down. What everyone needs to keep in mind is the nearly 50% market cap increase due to the issue of 205.6m shares for the purchase of landlease, a good acquisition? we will see. Looking forward however if we assume it can deliver a mininum result similar of that of 2020 (around 50m NPAT) would give a current P/E of 13
618m shares approx / eps .8c
90c sp = 13 P/E
about 8% return on the year at current SP, as I said using 2020 figures . The major question will be the intergration of Landlease and what it can add to the ROE which is average year after year at 10%
Don't expexct to see her at 2.40 again for some time, if its at 1.4B market cap it will need to increase earnings by about 105%
can it be done? well I might take a small postion and see![]()
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$1.28 |
Change
0.015(1.19%) |
Mkt cap ! $785.3M |
Open | High | Low | Value | Volume |
$1.29 | $1.29 | $1.25 | $2.752M | 2.167M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1872 | $1.27 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.28 | 2000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1872 | 1.265 |
2 | 11624 | 1.260 |
4 | 29783 | 1.255 |
2 | 11624 | 1.250 |
1 | 1872 | 1.245 |
Price($) | Vol. | No. |
---|---|---|
1.280 | 2000 | 1 |
1.285 | 34991 | 6 |
1.290 | 13752 | 2 |
1.295 | 30290 | 5 |
1.300 | 37761 | 10 |
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