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.
$100m On-Market share buy back from September 2023
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 (20min delay)
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Last
$3.79 |
Change
-0.050(1.30%) |
Mkt cap ! $1.105B | |||
| Open | High | Low | Value | Volume |
| $3.87 | $3.89 | $3.78 | $3.661M | 958.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 105433 | $3.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.80 | 7705 | 2 |
View Market Depth
| Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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Last
$3.80 |
Change
-0.050 ( 1.09 %) |
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| Open | High | Low | Volume | ||
| $3.86 | $3.89 | $3.79 | 232293 | ||
| Last updated 15.59pm 08/05/2024 ? | |||||
| HLI (ASX) Chart |