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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Last
$3.87 |
Change
-0.060(1.53%) |
Mkt cap ! $1.127B |
Open | High | Low | Value | Volume |
$3.92 | $3.94 | $3.84 | $4.179M | 1.072M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 15063 | $3.87 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.89 | 5746 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2499 | 3.870 |
2 | 12000 | 3.860 |
1 | 5000 | 3.850 |
1 | 1500 | 3.840 |
3 | 12125 | 3.830 |
Price($) | Vol. | No. |
---|---|---|
3.930 | 2277 | 2 |
3.940 | 2500 | 1 |
3.950 | 2437 | 2 |
3.960 | 1000 | 1 |
4.010 | 29534 | 2 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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