I as well must be missing something with this one finch2.
With most recent share issue this is now a Billion dollar company. There most recent half yearly earnings are $17.6 mill so say full year of $36 million. They have since announced acquisition which will contribute $11.8M so a full year of $48 mill. Thats a PE of 20-21!
In light of this PE, the assets which you are buy for 20 times earnings via GEM are being sold in the private market for 4 times earnings. All of GEM's acquisitions this year have been purchased at 4 times the assets EBIT.
Why would i pay 20 times earning for something that the company themselves are consistently paying 4 times for? Is there any reason for the disconnect?
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Last
$1.17 |
Change
0.015(1.30%) |
Mkt cap ! $902.7M | |||
| Open | High | Low | Value | Volume |
| $1.17 | $1.18 | $1.16 | $957.0K | 821.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4096 | $1.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.09 | 102714 | 1 |
View Market Depth
| Last trade - 15.59pm 24/06/2025 (20 minute delay) ? |
| GEM (ASX) Chart |