The recent price $6.00 a share is an interesting figure . For this price - to be a valid valuation - should imply an EPS of 60c assuming PER of 10 . TRG current equity is 14.12M shares + 6.165M unlisted options .
In other words : TRG should earn NPAT $ 8.5M to warrant a share price of $6.00 . OR , if the options are taken in consideration NPAT - $12M .
I do not know , from the data that is available to me whether this is feasible or not . In my assumptions I have allowed a PER of 10 which could be generous for this type of investment company . I also do not know what is the NTA backing every share which usually should be close to the share price ...However the placement price of $4.20 implies that the NTA was close to this mark ? Anyone with more accurate data ? happy days . Duff
TRG
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Last
$4.24 |
Change
-0.160(3.64%) |
Mkt cap ! $218.7M | |||
| Open | High | Low | Value | Volume |
| $4.29 | $4.29 | $4.24 | $18.38K | 4.321K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1479 | $4.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.28 | 1051 | 3 |
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| Last trade - 10.22am 02/04/2020 (20 minute delay) ? |
| PAC (ASX) Chart |