Would it make sense to buy back shares now? Yes! Shine is one of the most undervalued companies in the Australian market. Buybacks would be a very efficient use of capital.
Should Shine compromise quality of accounting to drive up the share price? Most certainly not!
Don't get impatient. Management is doing many things to strengthen the core business. Shine is growing fast and is run by an aligned and very capable management team. I am not concerned because management is doing the right things to grow the company on solid footing.
Under-appreciated gems like Shine tend to trade at depressed valuations for long periods... until perception suddenly changes. You'll see... one day we'll wake up and Shine is trading at 3. For no reason, but closer to it's intrinsic value of 5.
A wise investor will use any opportunity to buy more.
Would it make sense to buy back shares now? Yes! Shine is one of...
Add SHJ (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
73.8¢ |
Change
-0.018(2.32%) |
Mkt cap ! $127.7M | |||
| Open | High | Low | Value | Volume |
| 75.0¢ | 75.0¢ | 72.5¢ | $9.42K | 12.97K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13888 | 72.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 75.5¢ | 64317 | 2 |
View Market Depth
| Last trade - 15.50pm 10/05/2024 (20 minute delay) ? |
| SHJ (ASX) Chart |