Jardin upgraded to Buy this week, PT $2.55 (was $2.50). They had a DCF/SOTP using 8.4% WACC and 2.5 TGR.
They had similar thoughts to mine - negativity around earnings and the acquisition has likely overshot, and catalyst to surprise on the upside in FY25/26, when destocking leads to restocking ect.
They argued that the stock has underperformed by 43% over the past 12m, and is now ~2StDev below long term relative value to the ASX200.
I'm a big fan of deep value plays so it was all music to my ears
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- Ann: Change in substantial holding
Ann: Change in substantial holding, page-9
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Last
$1.94 |
Change
0.015(0.78%) |
Mkt cap ! $2.606B |
Open | High | Low | Value | Volume |
$1.90 | $1.95 | $1.89 | $29.12M | 15.08M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 151924 | $1.94 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.94 | 264669 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 27918 | 1.935 |
2 | 17076 | 1.930 |
9 | 10096 | 1.925 |
7 | 122245 | 1.920 |
6 | 132956 | 1.915 |
Price($) | Vol. | No. |
---|---|---|
1.940 | 264669 | 6 |
1.945 | 73705 | 5 |
1.950 | 196258 | 13 |
1.955 | 128793 | 4 |
1.960 | 54389 | 3 |
Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
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ORA (ASX) Chart |