Even if HLI lose all the CBA group business I look at their position at 31 December 2023.
NTA of $3.76 per share plus CSM in liabilities of $2.22 per share gives an earned value just shy of $6 per share. Based on current conditions and performance I think that LRC is over-provided for at 31 December which sends earned value north of $6 per share. This is without any regard to future earnings from new written business.
I just paid $3.45 per share to buy something I consider to have a medium term NPV of over $6, this makes me happy
Maybe this is why they have been holding back on the share buy-back, they should start to fill their boots.
Ann: Update on CBA contract, page-38
Add HLI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$3.84 |
Change
0.050(1.32%) |
Mkt cap ! $1.114B | |||
| Open | High | Low | Value | Volume |
| $3.86 | $3.87 | $3.81 | $2.222M | 580.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1058 | $3.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.84 | 2117 | 1 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| HLI (ASX) Chart |