I bought HVN during the march 2020 mayhem.
Offloaded the last of my holdings a few weeks ago at a price in the high $5's.
Now looking at intelligent long term re-entry points.
I am think of around $4-$4.50 to slowly re-enter the position.
Consensus FY23 EPS is around 42c a share, I notice that this would still represent roughly 20% earnings growth against pre covid FY19 EPS of 35c
Average PE multiple pre covid around 10-11 times.
42c x 10 PE = $4.20
42c x 11 PE = $4.60
Rough rough back of the envelope calculations, but give a rough basis to take a 1st position, from which I can dollar average downwards intelligently if the market gives me the opportunity.
So start buying somewhere $4.00 - $4.50 and gradually buy down to $3 (which was their price back in 2018)
Main reason why share price could drop back to $3's is if the FY23 earnings forecast is too glossy and actual FY23 EPS gravitates closer to 35c, thereby reducing the PE multiple price.
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Last
$4.63 |
Change
0.020(0.43%) |
Mkt cap ! $5.769B |
Open | High | Low | Value | Volume |
$4.64 | $4.65 | $4.58 | $6.589M | 1.424M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 6073 | $4.62 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.63 | 4258 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 6073 | 4.620 |
2 | 7382 | 4.610 |
7 | 34001 | 4.600 |
5 | 36902 | 4.590 |
4 | 38488 | 4.580 |
Price($) | Vol. | No. |
---|---|---|
4.630 | 4258 | 2 |
4.640 | 21975 | 6 |
4.650 | 15168 | 3 |
4.660 | 13018 | 3 |
4.670 | 9226 | 3 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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