Could only find cash balance of $95m in 30/6/13 report ($1.15/share)? I know they have since received $6.3m on sale of FTR which adds 8 cents to cash/share?
Similarly NTA at 30/6 was $1.04/share.
Profit from continuing operations was $3.78m before tax for half, so assuming 30% tax and conservative P/E of 10 its worth say $53m.
$53m plus $102m cash equals asset value around $157m versus current market cap of $131m. So there is value here but the market may not reflect it for a while.
Positives could be further capital return in next six months. Second half figures will be muddied by loss on sale of FTR (in books at $8.1m) so it may take until 2014/2015 to clearly see value of continuing business and supposed benefits from long running restructures and streamlining management.
Could be good 2 year investment with prospect of capital returns and value becoming evident as remaining business performance becomes clearer.
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Last
14.5¢ |
Change
-0.005(3.33%) |
Mkt cap ! $44.90M |
Open | High | Low | Value | Volume |
15.0¢ | 15.0¢ | 14.5¢ | $14.62K | 98.94K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 565736 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 2216057 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 565736 | 0.145 |
4 | 403610 | 0.140 |
2 | 507407 | 0.135 |
2 | 506000 | 0.130 |
2 | 258007 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 1601866 | 14 |
0.155 | 2495531 | 30 |
0.160 | 223346 | 9 |
0.165 | 146843 | 4 |
0.170 | 117911 | 4 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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