Even if HLI lose all the CBA group business I look at their position at 31 December 2023.
NTA of $3.76 per share plus CSM in liabilities of $2.22 per share gives an earned value just shy of $6 per share. Based on current conditions and performance I think that LRC is over-provided for at 31 December which sends earned value north of $6 per share. This is without any regard to future earnings from new written business.
I just paid $3.45 per share to buy something I consider to have a medium term NPV of over $6, this makes me happy
Maybe this is why they have been holding back on the share buy-back, they should start to fill their boots.
Ann: Update on CBA contract, page-38
-
- There are more pages in this discussion • 42 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add HLI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$4.08 |
Change
0.200(5.15%) |
Mkt cap ! $1.188B | |||
| Open | High | Low | Value | Volume |
| $3.89 | $4.09 | $3.86 | $9.642M | 2.390M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6933 | $4.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.09 | 84566 | 5 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| HLI (ASX) Chart |