This is just terrific the prices they are now getting this buyback done at.
If one just works in NZ Dollars to keep it simple.
You have a business churning out:
$350m in Revenue
$70m EBITDA
$15m in IFRS Interest/Principal
$9m in Capex
$8m in Taxes
So call it just shy of $40m of net owners earnings (reported will come in a bit lower given D&A is higher than Capex)
And you currently pay $235m for this cash stream.
Which leaves you paying about 6x net cash flows.
With potential for a combination of a recurring 10% yield, if not greater, split across dividends and buy-backs.
Buy-backs being preferred by Australian shareholders due to the lack of ability to utilise any NZ franking credits.
It's hard to beat a business such as this with decent margins, cash generative and clean balance sheet all at this price.
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Last
89.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $166.1M |
Open | High | Low | Value | Volume |
90.0¢ | 93.0¢ | 89.0¢ | $66.20K | 72.22K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 29997 | 89.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
92.5¢ | 34000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 29997 | 0.890 |
1 | 1150 | 0.850 |
1 | 3863 | 0.845 |
1 | 18000 | 0.830 |
1 | 26966 | 0.820 |
Price($) | Vol. | No. |
---|---|---|
0.925 | 34000 | 1 |
0.975 | 2000 | 1 |
1.000 | 4836 | 3 |
1.020 | 13558 | 2 |
1.050 | 41700 | 1 |
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