"@madamswer with the recent pull back in the share price would you consider this a good level to enter? "
Not particularly, I don't think.
To my way of thinking the stock's valuation has gone from eye-popping (Refer: https://hotcopper.com.au/posts/34673550/single) to merely reasonably and fairly valued today, with the prospective FY2020 P/E and EV/EBITDA multiples of, respectively ~14.5 to 15.0x and ~9.0x to 9.5x, being a little shy of those of the broader market [*].
For me to feel that SNL is a clear band compelling buy, and making me to add to my holdings, would be when the stock was trading on P/E and EV/EBITDA of, say, 12x and ~7x respectively.
Which translates into a share price closer to $2.80.
[*] Ordinarily, a highly illiquid, micro-cap stock such SNL would trade at a meaningful discount to the broader market, but SNL's impressive financial track record over many years, and the prudent way that the company's capital is managed which results in ~25% ROE, warrants a negation of most of that natural discount, I feel.
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"@madamswer with the recent pull back in the share price would...
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Last
$26.81 |
Change
0.810(3.12%) |
Mkt cap ! $1.139B |
Open | High | Low | Value | Volume |
$26.14 | $26.85 | $26.00 | $386.1K | 14.55K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 17 | $26.61 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$26.85 | 437 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 17 | 26.610 |
1 | 766 | 26.100 |
1 | 38 | 26.010 |
1 | 961 | 26.000 |
2 | 1084 | 25.800 |
Price($) | Vol. | No. |
---|---|---|
26.850 | 437 | 1 |
27.000 | 100 | 1 |
27.330 | 18 | 1 |
27.530 | 37 | 1 |
28.790 | 80 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
SNL (ASX) Chart |
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