PRN bought back $8.5M at an average price of $1.05 which shows management value the company at far higher than what the fund managers have dragged it down to in the last month.
also, far higher npat and earnings as well as a 12% increase in net tangible assets per share to $1.18 yet the price today is 25% lower than it was this time last year at 85c. Of course this has all been due to the last 4 weeks of highly unusual trading movements.
we also now have dividends back and can look foreword to an extra $20M in synergy savings from ddh1 integration as well as extra ddh1 earnings in the next half.
buy backs also to recommence. By fairly valuing the company it should find $1 again soon which will still give investors roughly a 15% return on investment after tax and a significant discount to net tangible assets. Sitting on 17.5% return as of today!
glad I bought up in the 70s and 80s
Ann: HY24 Results Presentation, page-9
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Last
$1.17 |
Change
-0.025(2.09%) |
Mkt cap ! $1.103B | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.21 | $1.17 | $1.857M | 1.570M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 49829 | $1.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.18 | 40637 | 2 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| PRN (ASX) Chart |