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.
HLI Price at posting:
$3.98 Sentiment: Buy Disclosure: Not Held
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