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From: | "G Stolwyk" <stolwyk@wave.co.nz> |
Date: | Mon, 16 Dec 2002 18:35:24 +1300 |
The market thinks that SKC is worth more than some of us suggest. Well, if it thinks that it is worth $8+, then I am afraid AIA will need to pay more in their buyback of shares. Anyway, who is complaining? SKC thinks that the NPAT could be $95 mill.-$105 mill. SKC: +10 cents to $7.82 today, this in a negative market. Prospective data: About 211.6 mill shares, say NPAT is $99 mill. E/S: 46.8. cents. P/E: 16.7-- Div: 42 cents and Div. yield: 5.38% but 8.07% with imputation. Yes that 8.07% div. yield is very attractive and in my opinion warrants a good share price for this growth stock. (Should the NPAT be $105 mill, then the imputed div. yield is 8.56%!) Gerry |
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