Yes, it is pretty good work on the controlling costs, and this business is priced very cheaply indeed.
If I had to guess why, it would be that the "Services" business has markedly tailed off in the last three years - although it is unfair to take 2021 as a 'real' figure given Jobkeeper and various other initiatives to keep the wolves from Debtors' collective doors.
The growth in lending (both the loan book and margin) and profits as a whole is a much prettier picture though - and you'd imagine this will pick up again post COVID.
In this market, I reckon 7x earnings is an absolute steal. Hope they go hard on buybacks.
Ann: Appendix 4E and Annual Report, page-3
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Last
81.5¢ |
Change
-0.025(2.98%) |
Mkt cap ! $98.89M | |||
| Open | High | Low | Value | Volume |
| 81.5¢ | 81.5¢ | 80.5¢ | $36.71K | 45.29K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 23471 | 81.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 88.0¢ | 45547 | 2 |
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| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| FSA (ASX) Chart |