Just a word of caution. They have paid no dividends for the last year and while it might be plausible they can pay 22 cps next year as a result of the spare cash flow from their lengthy dividend holiday it should be noted that the previous 5 years they averaged 16 cents per annum.
I remain of the view this is a very poorly managed company with far too many people being grossly overpaid for well below average performance.
$3 looks completely unrealistic to me.
https://www.marketscreener.com/quote...64/financials/
I note the average analyst view is for eps of 17 cps in FY21. $3 suggests a PE of 17.6 which would put it on an earnings multiple significantly above the very well respected retail operators like Briscoes and Hallenstein Glasson. Ask yourself how plausible that sounds ?