HML henry morgan limited
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  1. TheSparkGuy
    1,535 Posts.
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    27/04/17
    14:14
    Post #: 24301338
    I'm skeptical.

    They are valuing the unlisted JB Financial at $93m.. presumably using PE of 14.9 mentioned in 28/2 announcement

    Bell Financial (Bell Potter and Bell Direct) is a very similar business listed on the ASX. They have a fantastic brand, network and been established for years.

    Their Market Cap is $178m and trade on a PE of 10.

    Is JB Financial the single biggest bet HML has made?

    Is HML fast becoming a financial service company rather than a hedge fund?
    HML Price at posting: $1.84 Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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