Although the FY results were weaker than I had hoped due to margin pressures, this was similar to peers and is probably not a bad thing given the current regulatory environment. I've run some updated numbers based solely on the company's guidance given in their impairment note (included in Delphi's post above). While these impairment notes are not technically a forecast, they should be a good guide to managements expectations. These numbers suggest ASH should be able to achieve an EBITDA growth at the group level of about 6% to just over $21m, which should support a dividend of at least 6c in 2024. With the current 62c share price, this represents a div yield of 9.7% or 12.6% including franking.
Also, I understand the Labour government should be releasing further details next week on their regulatory plans, but based on the Ministers speech this week which focused on the gig economy, I'm hoping it won't be a material issue for ASH.
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25.0¢ |
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Mkt cap ! $35.99M |
Open | High | Low | Value | Volume |
25.0¢ | 25.5¢ | 24.5¢ | $29.49K | 118.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3177 | 25.0¢ |
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Price($) | Vol. | No. |
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26.0¢ | 50000 | 1 |
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No. | Vol. | Price($) |
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1 | 73762 | 0.245 |
1 | 31666 | 0.240 |
2 | 37459 | 0.235 |
3 | 46077 | 0.230 |
5 | 50665 | 0.225 |
Price($) | Vol. | No. |
---|---|---|
0.270 | 39846 | 1 |
0.295 | 6000 | 1 |
0.300 | 34101 | 2 |
0.310 | 3846 | 1 |
0.330 | 7150 | 1 |
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