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
-0.005(0.40%) |
Mkt cap ! $757.6M |
Open | High | Low | Value | Volume |
$1.25 | $1.25 | $1.22 | $974.9K | 792.4K |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 38749 | $1.23 |
Sellers (Offers)
Price($) | Vol. | No. |
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$1.24 | 51728 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 38749 | 1.230 |
2 | 23285 | 1.225 |
5 | 14456 | 1.220 |
4 | 13610 | 1.215 |
6 | 35539 | 1.210 |
Price($) | Vol. | No. |
---|---|---|
1.235 | 51728 | 6 |
1.240 | 35680 | 4 |
1.245 | 9455 | 2 |
1.250 | 50000 | 3 |
1.255 | 3538 | 2 |
Last trade - 16.10pm 18/06/2024 (20 minute delay) ? |
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Last
$1.23 |
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Change
-0.005 ( 0.68 %) |
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Open | High | Low | Volume | ||
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Last updated 15.59pm 18/06/2024 ? |
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