I just started a small position at 21.05. Fundamentally still a strong company, no debt, and even if the company doesn't grow its earnings at all, it is trading at 10x FCF multiple, which is a 10% yield.
Also, the loss of the major UK only client accounts for 12% drop in revenue, 6% drop in earnings. Doesn't justify a 28% drop in share price
Massive overreaction in my book.
Follow the cfo coal grader , best asx stock 2022, page-15
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Last
$10.56 |
Change
-0.130(1.22%) |
Mkt cap ! $1.816B | |||
| Open | High | Low | Value | Volume |
| $10.50 | $10.56 | $10.34 | $5.971M | 569.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1609 | $10.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.57 | 1481 | 4 |
View Market Depth
| Last trade - 16.10pm 01/08/2025 (20 minute delay) ? |
| MFG (ASX) Chart |