If they manage to stabilise the Hampers business and maintain postive EBIT this half, there is a chance they could salvage value from selling off the business.
My reading of "strategic review" is that they are looking to offload the business and the main shareholders/directors are probably looking at retirement following the sale of the main business.Based on a share price of 33, post dist (18c cap +7 c div), they are looking at a share price of 8c, translating to a market value of ~14m. Cash ~10m leaves the hampers business at ~5m. If they stick to their plan of 7c div, i do see value.
Ann: Dividend/Distribution - PTL, page-16
Add PTL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
19.5¢ |
Change
-0.005(2.50%) |
Mkt cap ! $33.24M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.0¢ | 19.5¢ | $78.20K | 395.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 115165 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 48306 | 2 |
View Market Depth
| Last trade - 16.10pm 28/05/2024 (20 minute delay) ? |
|
|||||
|
Last
19.5¢ |
Change
-0.005 ( 2.50 %) |
||||
| Open | High | Low | Volume | ||
| 20.0¢ | 20.0¢ | 19.5¢ | 69318 | ||
| Last updated 15.28pm 28/05/2024 ? | |||||
| PTL (ASX) Chart |