Surely that is not a good sign, no?
If they're trading on 6-7x NPAT, they should be on a cash earnings yield of at least 15%, probably closer to 20% (remember, they don't pay cash taxes) - which on their current market cap of $400m is $65-80m.
At the current rate they spending 300k/week on buybacks, they should be generating cashflow sufficient to buy back 300k/day.
If they're spending all their FCF on buybacks - if that is all the cash they have - we ought to run for the hills!
Ann: Update - Notification of buy-back - EHL, page-14
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Last
76.0¢ |
Change
0.010(1.33%) |
Mkt cap ! $393.9M | |||
| Open | High | Low | Value | Volume |
| 75.0¢ | 76.5¢ | 75.0¢ | $161.1K | 212.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2165 | 75.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 77.0¢ | 6155 | 1 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| EHL (ASX) Chart |