Aspect huntleys says 291mill shares outstanding on both comsec research and westpacbroking research
But i thought i saw that they have 198mill shares outstanding in their report?????
Is Aspect Huntelys number incorrect???
If correct and they make 10% NPAT growth as stated, theyll make 116mill NPAT/491mill shares (that includes the 160mill @ 1.25 to instos and an extra [email protected] for the retail offer; im assuming HALF the retail offers taken thats why ive put 40mill @ 1.25)
EPS thus is 116.6/491 = 0.237 or 23.7cents
Why is huntleys and the consensus analysts forecasts circa 36-40cents per share???
Its assumed that ALL the raised funds will pay down the 856millAUD debt right???
So EPS should be 23.7 cents if my figures are correct!
****If they have 198mill shares outstanding and we add an extra 200mill shares @ 1.25, then therell be 400mill shares on issue
116.6NPAT/400millshares= 0.2915 or circa 30cents per share which is closer to the consensus forecast by huntleys research somewhat
Maybe its got something to do with the WEIGHTED AVG NUMBER OF SHARES ON ISSUE factor???
Someone???
TSE Price at posting:
$1.60 Sentiment: None Disclosure: Not Held
