On the April guidance of NPAT of $10.7 FSA is trading on 2013 multiple of 10. MNY trades on a trailing multiple of 20 and Credit Corp on 15. Likely that final profit will be be close to $11M and deserving of a multiple of 12. Potential of 21% uplift from current SP giving a price target of $1.10 just on final 2013 figures with no guidance for 2014 factored in. Very astute capital management with share buy back undertaken by management on SP weakness. Roadshow planned after results.
fsa results
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
