I think they did the CR in too much of a rush, therefore at too low a price. So, I agree on that. That is an issue of capital structure management . In terms of their management of the underlying business I don’t see too much wrong. They are generating heaps of cash and will be ( net )debt free soon.
For me, the value is just too low at present for the EBIT they generate. Way too low. I think at these levels it has become a target, especially if any further relaxation in media ownership rules ensues. Number one industry market position. Very low multiple. Clean balance sheet. A complementary asset portfolio for tv and online media assets
SXL Time to Accumulate, page-272
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Last
64.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $153.5M | |||
| Open | High | Low | Value | Volume |
| 64.0¢ | 66.0¢ | 64.0¢ | $61.47K | 94.56K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3480 | 64.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 66.0¢ | 4060 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| SXL (ASX) Chart |