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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Last
$1.24 |
Change
0.000(0.00%) |
Mkt cap ! $754.5M |
Open | High | Low | Value | Volume |
$1.24 | $1.24 | $1.22 | $131.3K | 106.8K |
Buyers (Bids)
No. | Vol. | Price($) |
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32 | 17192 | $1.23 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.24 | 2993 | 10 |
View Market Depth
No. | Vol. | Price($) |
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28 | 13590 | 1.230 |
16 | 41202 | 1.225 |
12 | 31080 | 1.220 |
9 | 60778 | 1.215 |
4 | 196892 | 1.210 |
Price($) | Vol. | No. |
---|---|---|
1.235 | 5716 | 13 |
1.240 | 56447 | 12 |
1.245 | 13004 | 8 |
1.250 | 74729 | 11 |
1.255 | 195517 | 7 |
Last trade - 12.03pm 04/06/2024 (20 minute delay) ? |
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Last
$1.24 |
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Change
0.000 ( 0.36 %) |
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Open | High | Low | Volume | ||
$1.23 | $1.24 | $1.22 | 49321 | ||
Last updated 12.16pm 04/06/2024 ? |
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