I've saved all our posts, Feeny. Filed away and used to cross-check my own analysis. I think we are on the same page.
I learnt alot about this biz from some Fundies I did some work experience with earlier in the year. They are holders at a MUCH higher average buy price. Before then, I'd never really looked at it. They run a value style fund.
I started buying at $7.70. It kept falling, and I figured the value was getting better and better. I bought all the way down to $3.70, and part of the way up again. Average buy price ended up $5.70. I think they call that conviction in your investment case. Or lunacy. Larfs.
I build conservatism into my analysis and on that basis I make circa $15 a conservative estimate of what I think an educated buyer would try to take out the business at today.
That's where I think they'd have to start...not the price at which they'd get it. :-)
Medium term...on the back of Liberty being turned around along with overall earnings, I agree that $20 would not be overly optimistic at all.
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Last
$17.51 |
Change
0.120(0.69%) |
Mkt cap ! $4.754B |
Open | High | Low | Value | Volume |
$17.48 | $17.62 | $17.31 | $12.57M | 718.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 8551 | $17.51 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.52 | 38 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 234 | 41.360 |
1 | 499 | 41.350 |
2 | 3223 | 41.330 |
2 | 4967 | 41.310 |
2 | 5694 | 41.290 |
Price($) | Vol. | No. |
---|---|---|
41.380 | 1297 | 1 |
41.400 | 9976 | 3 |
41.430 | 2000 | 1 |
41.440 | 5520 | 3 |
41.470 | 8224 | 2 |
Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
FLT (ASX) Chart |