Originally Posted by
Leemsip
Half year results out in Oct. I expect another $14m post tax profit for the half taking the full year to around $30m (H1 NPAT was $15m). There will be some movement from Canty provisions, COVID premium givebacks, major disaster costs etc but I think $14m for H2 is a good ballpark.
Total company value is $240m so P/E on this is 8. Also growing gross premiums at 10% per year.
Hopefully we get a positive update on the EQC payout as this is the only thing stopping a dividend payout and a significant re-rate of this share.
Im getting tired of hearing myself say all of this year after year and not seeing it actually happen. :mad ;: