Pinned valuation:
Based on a forward PE of 10x. Currently trading at 9.5x
Conservative estimate as it has traded at a higher PE before.
I think this stock flies under the radar. The main code SGL cannot trade and the stock trades on the SGLLV code as a B share. Todays results suggest a lot of value to unlock still. 50c dividend fully franked for year that is over 10% including franking. Corporate action to acquire rest of PNG operation. This is kicking goals. I think Edgescape is on the money here.