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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Not only that, guidance for 28c annual dividends going forward,...
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Last
$4.12 |
Change
0.020(0.49%) |
Mkt cap ! $1.193B |
Open | High | Low | Value | Volume |
$4.09 | $4.17 | $4.09 | $3.708M | 899.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 7626 | $4.11 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.13 | 1155 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 7626 | 4.110 |
7 | 40392 | 4.100 |
4 | 36731 | 4.090 |
3 | 111155 | 4.080 |
1 | 1155 | 4.070 |
Price($) | Vol. | No. |
---|---|---|
4.130 | 1155 | 1 |
4.140 | 7493 | 4 |
4.150 | 7320 | 3 |
4.160 | 21701 | 7 |
4.170 | 19065 | 4 |
Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
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