Current market cap is 1.5 billion. Past years profit was $191m.
Lets assume the worst case scenario and the ANZ deal falls over and ANZ repay the $800m and IOOF use the cash to buy back shares. Assuming all other things remain equal we then have a market cap of just 700m and 190m shares on issue.
That $190m profit is equal to $1 per share or PE of 4.3. Even if next years profit were to drop 70% to say $57m we are still sitting on a PE of 14.
IOOF (IFL) Time to Buy, page-4
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Last
$2.62 |
Change
-0.030(1.13%) |
Mkt cap ! $1.703B | |||
| Open | High | Low | Value | Volume |
| $2.65 | $2.67 | $2.59 | $2.404M | 918.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5853 | $2.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.62 | 12998 | 4 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| IFL (ASX) Chart |