I havent bought any yet but im getting very close. Im worried about high the market is at the moment. Its not an amazing company we all agree with that. The industry has Low margins. But it is trading at very low EBITDA multiples 4-5x.These are other reasons i like it
Great cashflow
Good clients 80% government
Strong balance sheet
History of Good dividends FF (42m in franking credits) yes 1c at the moment isnt great
Think only 2 other large competitors doing a similar thing
The board/KMP has good inside ownership and last year the board spent about $250K buying shares. I really like Allen gray and they continue buying and nearly own 20% now.
The Lendlease acquisition seems like a very good fit, its just taking a while to show up. It also took another large competitor out.
Approximately 85%of FY23 forecast revenue currently secured.
~87% of revenue subject to annual price reviews or priced ‘on application’ catering to market conditions. This also takes a while to come through.
Not a real lot of down side at these prices
I havent bought any yet but im getting very close. Im worried...
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Last
$1.28 |
Change
-0.005(0.39%) |
Mkt cap ! $785.3M | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.30 | $1.27 | $1.608M | 1.259M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 23425 | $1.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 12270 | 2 |
View Market Depth
| Last trade - 16.10pm 29/04/2024 (20 minute delay) ? |
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Last
$1.27 |
Change
-0.005 ( 0.58 %) |
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| Open | High | Low | Volume | ||
| $1.29 | $1.29 | $1.27 | 455484 | ||
| Last updated 15.59pm 29/04/2024 ? | |||||
| SSM (ASX) Chart |