SKE 0.00% $1.64 skilled group limited

upgarded to strong buy, page-12

  1. 1,999 Posts.
    lightbulb Created with Sketch. 3
    Dunno, maybe some fundie was wanting to window dress his/her EOM for August?

    Anyway I've got the back of my envelope out and figured out the minimum position we should be at by this time next year. That is with the Broadsword acquisition, cost reductions and no increase in sales (of the existing business).

    95.1 mil EBITDA FY13
    16.5 mil EBITDA FY14 Broadsword (add)
    10.0 mil Additional cost reductions FY14 (add)
    -----------
    121.6 mil EBITDA FY14 estimate (addition of all above)
    ===========

    Use same ratio of EBITDA ---> NPAT (underlying)
    95.1/58.4 = 1.6284

    Use the ratio to guesstimate FY14 NPAT
    121.6/1.6284 = 74.7 mil
    Then EPS 32 cents

    Not too shabby.

    That's a F/C PE of 10.5
    and maintaining a 60% payout ratio a dividend of 19.2 cents or a yield of 5.7%

    I'm certainly going to hold onto mine for a while longer :-)
    And as usual whenever it dips below $3 I'll stock up on some more.



 
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