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...
Add SPZ (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
48.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $167.6M | |||
| Open | High | Low | Value | Volume |
| 48.0¢ | 48.0¢ | 45.5¢ | $47.51K | 99.88K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16902 | 47.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 74513 | 2 |
View Market Depth
| Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
|
|||||
|
Last
47.5¢ |
Change
0.000 ( 1.04 %) |
||||
| Open | High | Low | Volume | ||
| 45.5¢ | 47.5¢ | 45.0¢ | 48633 | ||
| Last updated 14.14pm 17/06/2024 ? | |||||
| SPZ (ASX) Chart |
