A 10% downgrade in np is roughly about $10m, however the market cap has dropped over $250m in 2 months. The current np is essentially the same as 2013, so dividend can definitely be maintained and when it does in sept I suspect sp to be rerated.
The other positive is that if nova does get sold at 10 x ebitda this equates to about $1.8 for sxl, and later on the year media laws should be further deregulated making sxl even more attractive.
Good buying opportunities at these levels IMO.
value, page-19
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Last
54.5¢ |
Change
-0.035(6.03%) |
Mkt cap ! $119.9M | |||
| Open | High | Low | Value | Volume |
| 55.0¢ | 57.0¢ | 54.5¢ | $115.1K | 207.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1800 | 54.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 58.0¢ | 476 | 2 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| SXL (ASX) Chart |
