You appear to be saying the same as what I indicated. When comparing ROE to cost of equity the investment will, in theory, trade at a discount to book if not achieving its required cost of equity. As all the cash on the balance sheet dilutes ROE this reduces valuation unless there is a clear use for the cash that will generate cost of equity...The cash on the balance sheet may create somewhat of a share price put, but it also makes the balance sheet very lazy. If that cash was returned, used in buy back or earmarked for a clear project with Expected returns north of cost of equity I would suggest we should already be trading at a premium to book...
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Last
35.5¢ |
Change
-0.005(1.39%) |
Mkt cap ! $410.8M |
Open | High | Low | Value | Volume |
36.0¢ | 36.0¢ | 35.0¢ | $238.5K | 668.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 178600 | 35.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
36.0¢ | 9266 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 161683 | 0.355 |
18 | 1214869 | 0.350 |
3 | 71145 | 0.345 |
4 | 40037 | 0.340 |
7 | 62138 | 0.335 |
Price($) | Vol. | No. |
---|---|---|
0.360 | 6855 | 2 |
0.365 | 74344 | 2 |
0.370 | 42666 | 2 |
0.375 | 140848 | 5 |
0.380 | 122612 | 5 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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