Is the debt that high?
It was $225m in FY21, and $164m at the end of FY22 and has dropped to c$65m, admittedly that was on the back of one-off covid profits.
But $50m net debt doesn't seem onerous.
Probably not a buy at $3.30 though, more a hold now
Why I think ACL is ridiculously cheap., page-81
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Last
$3.68 |
Change
-0.060(1.60%) |
Mkt cap ! $750.8M | |||
| Open | High | Low | Value | Volume |
| $3.71 | $3.76 | $3.67 | $647.2K | 174.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1566 | $3.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.69 | 4463 | 6 |
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| Last trade - 11.35am 04/10/2024 (20 minute delay) ? |
| ACL (ASX) Chart |