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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$4.08 |
Change
0.200(5.15%) |
Mkt cap ! $1.188B |
Open | High | Low | Value | Volume |
$3.89 | $4.09 | $3.86 | $9.642M | 2.390M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6933 | $4.06 |
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Price($) | Vol. | No. |
---|---|---|
$4.09 | 84566 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 364 | 3.990 |
1 | 697 | 3.950 |
1 | 255 | 3.900 |
2 | 5350 | 3.850 |
4 | 6123 | 3.800 |
Price($) | Vol. | No. |
---|---|---|
4.090 | 25000 | 1 |
4.100 | 135 | 1 |
4.110 | 20000 | 1 |
4.120 | 193 | 1 |
4.190 | 350 | 1 |
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