Wrong on both counts!
SPZ bought a company, NE Parking, that manages 517 manually operated parking sites. In that form NEP adds very little to the profitability of SPZ. SPZ's strategy is to switch manual to ANPR technology; THEN NEP adds to SPZ profitability.
Share buy-backs, BY DEFINITION, do not add to profitability. In fact replacing equity with debt increases interest cost and LOWERS profitability. The stragegy here is that, at the current share low price and, given the forecast growth in profitability, the buy-back will increase earnings per share!!
Wrong on both counts!SPZ bought a company, NE Parking, that...
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Last
44.0¢ |
Change
0.010(2.33%) |
Mkt cap ! $153.6M | |||
| Open | High | Low | Value | Volume |
| 41.5¢ | 45.0¢ | 41.5¢ | $151.7K | 347.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 44.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 9066 | 1 |
View Market Depth
| Last trade - 15.56pm 30/04/2024 (20 minute delay) ? |
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Last
43.5¢ |
Change
0.010 ( 3.57 %) |
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| Open | High | Low | Volume | ||
| 42.0¢ | 45.0¢ | 42.0¢ | 116131 | ||
| Last updated 15.52pm 30/04/2024 ? | |||||
| SPZ (ASX) Chart |