have to say this analysis Is spot on, particularly the aggressive accounting stuff. Absolutely nailed it. I think that all leads to a lack of interest in the stock,....I think that will change in time though. To echo your thoughts I think that current CEO is a dead set gun - let’s look at the record - HK/Singapore exit at a 30% premium to book (tick), Exetel acquisition (tick), organic growth (17% this year - tick), net cash (+$47m - tick). There is a big opportunity in this stock because of the terrible big air acquisition that soured its reputation, but a significant turn around is already well in play and it’s trading at 0.7x book value. I concur....love the new CFO has decided no more working capital trickery hence the week cashflow today.....hopefully the accounts are much more straightforward going forward. When I look at this business just annualising the 2H22 performance this business will do around $35m of EBITDA (give or take) in FY23, its capex profile is $20m per annum.....it’s not being valued as a business that is now generating solid free cashflow..
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Last
$1.73 |
Change
-0.025(1.43%) |
Mkt cap ! $864.9M |
Open | High | Low | Value | Volume |
$1.75 | $1.76 | $1.71 | $987.2K | 568.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9982 | $1.73 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.75 | 19820 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9982 | 1.725 |
2 | 22820 | 1.720 |
1 | 12820 | 1.715 |
1 | 12820 | 1.710 |
2 | 25320 | 1.705 |
Price($) | Vol. | No. |
---|---|---|
1.750 | 19820 | 2 |
1.755 | 24320 | 2 |
1.760 | 12820 | 1 |
1.765 | 12820 | 2 |
1.770 | 26747 | 2 |
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