why sxy ripe for a t/a, page-4

Sure - of course the ratio is adjusted to take into account the quality of asset (including any higher than normal capital cost adjustments).

But I dnt have access to that,

But Beach paid 10x
AWE suitor 7.8x
Average in sector 7.8x (minority)

SXY at 4.24 atm at $0.35

It's at levels that acquirers will start sniffing at, to start talking these quality of asset adjustments. I'd be very surprised if there aren't a few suitors doing this analysis right now, especially given the rumours in the financial news.