Not only that, guidance for 28c annual dividends going forward, ~7% yield. On top of further buy backs given they generate so much cash. Forward guidance revenue of $420m to $460m revenue.
~$3billion of financial investments on hand, majority invested in risk free assets with running yields effectively risk free (mainly bonds) at ~5% given high interest rate environment.
~4x P/E currently vs ~14x sector P/E. Undervalued by all measures.
They are the biggest and pure play LMI insurance player at ~34% market share, a lot more scope to grow.
Looks tempting just for the dividends and how undervalued vs sector P/E.
Expecting a dip tomorrow morning, watching technicals closely and will go long to ride it with the $100m of on-market share buy backs that will be in full swing.
You're welcome.
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Mkt cap ! $1.121B |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 11 | $4.06 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.68 | 45 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 852 | 3.940 |
9 | 3734 | 3.930 |
13 | 4936 | 3.920 |
10 | 4887 | 3.910 |
9 | 20553 | 3.900 |
Price($) | Vol. | No. |
---|---|---|
3.950 | 799 | 5 |
3.960 | 13441 | 8 |
3.970 | 10311 | 8 |
3.980 | 4301 | 6 |
3.990 | 16949 | 7 |
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