OZL oz minerals limited

why is ozl falling, page-9

  1. 23,954 Posts.
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    I totally agree with you asf.
    I was refering to short term sentiment and not fundsmentals of OZL.Next years NPAT should be $400 mil+
    and with 312 mil shares this would be at least $1.30
    eps. Multiply by a p/e of say 15 (BHP is p/e 17) and that's $19.50 ps.

    I think that the consolidation is a great long term move
    because it will reduce the number of shares out there to 324 mil and a post-consolidation of $200 mil buyback will
    reduce shares further to 312 mil. Given the improved price of copper, this will give EPS a turbocharge!

    The timing of the cash back of 12 c is also good because
    it encourages the nervious nellies to stick in there
    and not sell down before thr consolidation..

    Given that the top 5 shareholders hold over 50% of the company, the AGM vote will be only a matter of form!

    Moorookamick

 
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