Any reason for the sharp rise in SP (on solid volume might I add - 2% of SOI traded with 2 hours of trading + post market auction yet to go)?
I bought into WEB looking for a sharp rise in the SP prior the capital raise. In the phase where the shares were halted and there was news that WEB was struggling to get financing, I thought I would be lucky to even break even on this. Once the financing was secured my view was that the SP will trade in the 2 to 3 dollar range for the next few months and in around 6 to 12 months, we will see it start pushing towards $4+. My 3 year price target after the cap raise was $7. (if pre-covid NPAT of 60m is achieved, using a PE of 40 we get a market cap of 2.4bn which equates to $7 SP with 34m SOI). If we are lucky, that level of profit could be achieved before the 3 years.
If I am to think ultra bullishly, I would take into account that the group NPAT was growing at around 30% in the last few years, so in 3 years time NPAT should have been $120m if all went splendidly well and no COVID19 and that level of growth continued. If we work back on that basis and activity returns to 80% of business as usual in 3 years time, NPAT should be $96m and SP with a PE of 40 would be $11.
What are people thoughts on the likely NPAT figures a few years down the track? Please no baseless responses. Atleast take the time to look at past NPAT figures before writing something up.
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Last
$8.40 |
Change
0.170(2.07%) |
Mkt cap ! $3.285B |
Open | High | Low | Value | Volume |
$8.35 | $8.44 | $8.31 | $7.744M | 924.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 13418 | $8.39 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.42 | 22493 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 596 | 8.380 |
1 | 2000 | 8.360 |
1 | 6150 | 8.350 |
1 | 1080 | 8.300 |
1 | 1500 | 8.230 |
Price($) | Vol. | No. |
---|---|---|
8.500 | 2126 | 5 |
8.550 | 2120 | 2 |
8.570 | 2450 | 1 |
8.600 | 1681 | 3 |
8.700 | 4170 | 3 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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