I'm inclined to agree given that the company seems comfortable maintaining the dividend. In terms of p/e/contraction, it is perhaps more a matter of the market having treated the catastrophe earnings as permanent -- and then re-rating as a result of that. I think yesterday's drop was simply a panic follow on from the massive drop the day prior. What happens today will be more meaningful (one way or the other).
Ann: FY2024 Results Presentation, page-76
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Last
$3.89 |
Change
0.075(1.97%) |
Mkt cap ! $1.084B | |||
| Open | High | Low | Value | Volume |
| $3.70 | $3.91 | $3.63 | $15.80M | 4.150M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 36912 | $3.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.89 | 7161 | 18 |
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| Last trade - 13.58pm 29/08/2024 (20 minute delay) ? |
| JLG (ASX) Chart |