It more than time to question the value of this company.
Their market cap has gone backwards in the last 5 years and theyve doubled their turnover.
with $63m in bank debt at say a current favourable interest rate from a number of years ago, a 2.75% increase (0.85 to 3.6%) in RBA interest rates this financial year alone, then ahx profit is going to be wiped out. They pay way too much for businesses with some showing a 8x of identifiable assets.
Their covenants are now tight and they haven't sorted out new finance because their current interest rates are favourable.
on $93m they made f all profit after tax,
they're now reporting non standard ebita numbers, at what point does a business that only acquires to grow revenue without showing prior period comparisons on same size revenue get called out?
once the auditors insist on goodwill reviews they will have a massive impairmentAs a vet business, why wouldn't you sell to apiam, so long as it's for cash. Imagine if you have sold to them with shares about $1 only a few months. You'd have lost half your sale valueNot financial advise
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Last
37.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $67.13M |
Open | High | Low | Value | Volume |
36.5¢ | 37.0¢ | 36.5¢ | $758 | 2.048K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 54746 | 36.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.0¢ | 168592 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 54746 | 0.365 |
2 | 31666 | 0.360 |
2 | 24091 | 0.350 |
2 | 19133 | 0.345 |
2 | 102944 | 0.340 |
Price($) | Vol. | No. |
---|---|---|
0.370 | 168592 | 2 |
0.390 | 42898 | 2 |
0.395 | 7400 | 1 |
0.400 | 5000 | 1 |
0.420 | 23809 | 1 |
Last trade - 14.51pm 16/08/2024 (20 minute delay) ? |
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AHX (ASX) Chart |