Market cap: 132m (=$2.2 per share)
From mid-year report
Net assets: 220m
Goodwill: 65m
Gross Debt: 55m
Cash: 9m
Write down all goodwill to zero and you would still have net assets of 155m. A naive net debt to tangible book value ratio is about 30%. However if you subtract out Osprey village from the balance sheet which should be 40m asset against 40m debt secured by a government contract the leverage is much lower. If you truly think this company is worth only 90m (=$1.50 per share) and are correct you must know something that isn't publicly available. For this to be true 100% of goodwill and 40% of tangible assets will effectively be written off. The company has given no indication publicly (yet) that results are this bad.
like watching a slow motion train wreck, page-8
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Last
$1.97 |
Change
-0.050(2.48%) |
Mkt cap ! $185.4M | |||
| Open | High | Low | Value | Volume |
| $2.01 | $2.02 | $1.93 | $397.4K | 200.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5961 | $1.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.02 | 2500 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FWD (ASX) Chart |