as at Dec'10 ...
NTA = $1.23
Gearing = 20.7%
EPS for FY10 should be in around 6 cents and is forecasted to increase to around 11 cents for FY11 which would value WYL at $1.60
Property revaluations on the upside will work in WYL favour + the Woolworths/Lowes agrement have not been accounted for in the $1.30 offer.
I cannot see WYL accepting the offer, my price target is $1.60
Joe
takeover offer at $1.30, page-2
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