If this was another time this stock would probably have risen by 15% on that sort of update.
(And from a higher starting point, to begin with)
However, the current Buyers' Strike - which commenced around past 3/4 months ago - means that situations like this present themselves as investment opportunities.
By my reckoning, even if all the cash is considered to be in performance guarantee/bonding lock-up (very conservative, obviously), after today's update the stock is trading on an EV/EBITDA multiple of ~4.5x and - given there is merely modest D&A - EV/EBIT is even more attractive, being around 6.0x.
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Last
$1.71 |
Change
0.115(7.23%) |
Mkt cap ! $446.8M |
Open | High | Low | Value | Volume |
$1.60 | $1.72 | $1.60 | $1.429M | 850.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1753 | $1.71 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.71 | 7863 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1753 | 1.705 |
7 | 19304 | 1.700 |
5 | 6066 | 1.695 |
7 | 28415 | 1.690 |
2 | 2300 | 1.685 |
Price($) | Vol. | No. |
---|---|---|
1.710 | 7863 | 10 |
1.715 | 13317 | 7 |
1.720 | 18063 | 8 |
1.725 | 19474 | 5 |
1.730 | 18951 | 4 |
Last trade - 12.35pm 06/08/2024 (20 minute delay) ? |
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