The loss of revenue from the industrial property is not overly material at the NPAT line, due to land tax, interest savings, cash interest gains - it was sub-economic rent.
KitchenConnection is turning the very fragmented kitchen renovation market into almost a product offering. With limited other competitors offering a show room experience. Certainly space for competition to increase however and a few small operators around.
If they can roll out a few Kitchen Connection / BedShed over the next few years the business could support a share price materially higher than current.
Backed up by a solid cash balance and healthy dividend.
10.5% yield p.a. over next 3 years, PE~ 12, 50% cash backing, page-10
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Last
$3.99 |
Change
-0.010(0.25%) |
Mkt cap ! $113.7M | |||
| Open | High | Low | Value | Volume |
| $4.00 | $4.02 | $3.99 | $21.29K | 5.334K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2780 | $3.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.99 | 1177 | 1 |
View Market Depth
| Last trade - 15.58pm 03/07/2024 (20 minute delay) ? |
| JYC (ASX) Chart |