I can't believe the way this stock has shot up over the last week or so...
Having bought a great deal @ 82c, I'm quite happy with how extremely lucky I have been with timing.
That being said, on pure fundamentals, this company is STILL cheap. It still has:
- P/E of < 8
- Cash flow/Earnings ~ 7
- 6mil cash in bank, no debt
- High ROE (For the past 2 years, if you take out one-off costs)
- Great management with high ownership in the company
- 20% ownership from FremantleMedia, a HUGE production company (they make XFactor, Australia's got talent, big brother and a few others from memory)
- Dividend yield > 5%
- Yet to include a full-year earnings from the Digital Advertising arm
And earnings will shoot further if the AUD was to depreciate (i.e. rates are dropped)
Would love to hear feedback (good or bad) from anyone who has knowledge on the company!
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