This business is generating cash and buying without more lending. This aligns to Simon's words in recent interviews, he said he is going to control debt level.
The moat Simon is building is interesting. There are a lot more insights we don't get unless we are in the business. The incentive to buy APCS is clear and easy to understand, they are going to reduce insurance cost by moving all the same class materials in 1 location. MHF (major hazardous facility) is highly regulated and limited by EPA. We cannot have hundreds of MHF in NSW, and it is hard to be a new one to enter.
Price to EBTIDA of 3.7 and buying with operating cash is also reasonable.
Everything is making sense, hoping someone to point out some risks may have from today's announcement.
Guess share buy-back is gone, I am more happy to see our management focuses investing in fundamentals rather than watching ASX everyday.
This business is generating cash and buying without more...
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Last
56.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $163.9M | |||
| Open | High | Low | Value | Volume |
| 57.0¢ | 57.5¢ | 56.0¢ | $178.8K | 313.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6800 | 56.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 57.0¢ | 66955 | 6 |
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| Last trade - 15.20pm 23/07/2024 (20 minute delay) ? |
| DGL (ASX) Chart |