Fair point FD. 7 times EBIT was really the minimum. It's still highly acretive and very attractive at 8.7 times (i.e. 1 for 1). Which gets you to $5.87 a share. Either way, there is a huuuuge margin of safety at $2.39. Surprised it didn't go higher yesterday.
Ann: Earnings Results Update FY23, page-12
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Mkt cap ! $86.98M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 315 | $3.00 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.21 | 1205 | 1 |
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