Hi Stefanis,
I think it depends on your investment horizons and what you thing of the macro environment. The big question is how long does the mining boom have to run? If you think that there are years of the boom left to run, it is safer to pay a higher price, but if you think that there is substantial risk in paying too much at the top of a cycle for these companies, you might need a lower buy in price. You will always have to pay a premium for a quality business that looks after its shareholders.
Using:
38 million shares
Net cash 22 mill
RR of 10%
NPAT for FY 11 of 15.8
And growth between 0 and 0.03%
I get numbers between 4.74 and 6.02 for lycopodium. I don't see this hitting that lower number any time soon, but it doesn't represent compelling value at the moment.
Hi Stefanis,I think it depends on your investment horizons and...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LYL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$13.61 |
Change
0.120(0.89%) |
Mkt cap ! $540.8M | |||
| Open | High | Low | Value | Volume |
| $13.68 | $13.90 | $13.52 | $542.8K | 39.66K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 168 | $13.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.67 | 168 | 1 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| LYL (ASX) Chart |