Only one word to describe the report...FANTASTIC!!!
Revenue grow, growth in margins and cost reductions. What more can anyone want....
I must admit the 4c dividend was the minimum I was expecting, but I can understand the companies prudence in holding back some cash.
I did a back of an envelope calculation and came up with approximate earnings of 14.4c per share , after taking out the benefit of jobkeeper and the lease exit benefit. This puts the company on a current PE of 7.3.
With a current yield of 6.7%, a low PE and future grow potential SHM should be trading on a PE of 10 or 12 at a minimum, i.e. $144 to $173
I would expect the dividend to increase going forward, as well.
Each to their own, but to me, SHM is screaming value.
Ann: Investor Presentation, page-3
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Last
73.0¢ |
Change
-0.005(0.68%) |
Mkt cap ! $70.38M | |||
| Open | High | Low | Value | Volume |
| 73.5¢ | 73.5¢ | 73.0¢ | $33.33K | 45.60K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8457 | 72.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 75.0¢ | 5000 | 1 |
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| Last trade - 14.33pm 09/07/2024 (20 minute delay) ? |
| SHM (ASX) Chart |