I,m not ignoring that fact at all, I,m just stating it is a clear reason why they would not provide guidance with this issue hovering over the business.
However we should be aware that that this is not specific to HLO but will affect FLT and WEB also.
HLO still has an advantage over FLT and WEB in that it wasn,t diluted anything like they were during covid and still has a forward PE of circa 10x compared to circa PE of 25x for both of those.
This is only my perception of what is happening and I will keep taking advantage of this low valuation with a view to long term appreciation. Bear in mind it has $160m in cash equivalents and no debt providing many options possibly including a buy back
DYOR
Ann: HLO FY24 Investor Presentation, page-36
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Last
$1.86 |
Change
-0.045(2.37%) |
Mkt cap ! $298.8M | |||
| Open | High | Low | Value | Volume |
| $1.90 | $1.91 | $1.85 | $936.7K | 502.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $1.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.87 | 4431 | 1 |
View Market Depth
| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| HLO (ASX) Chart |