This is quite a mooted response by the market. The update was very positive given a backdrop of a shareprice declining to 21cents from 27cents.
With a quarter to go they are in line to report eps of 3.8cps this year. Simply putting the stock on 12 times implies a shareprice of 45c.
The company is generating FCF and positioned to pay down debt and IMO should take priority over a dividend.
Management seemed better prepared to integrate any acquisition but i would not be excited to see a flurry of acquisitions that make integration difficult. Hopefully the lessons of the past have been learnt and perhaps a bit more due diligence and anti compete clauses on the target to avoid the repeat of the WA acquisition which now resides in the Court system.
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Last
43.5¢ |
Change
-0.005(1.14%) |
Mkt cap ! $720.0M |
Open | High | Low | Value | Volume |
43.0¢ | 44.0¢ | 43.0¢ | $667.7K | 1.546M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 43.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
43.5¢ | 120837 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50000 | 0.430 |
3 | 109000 | 0.425 |
2 | 103370 | 0.420 |
2 | 12012 | 0.405 |
5 | 229014 | 0.400 |
Price($) | Vol. | No. |
---|---|---|
0.435 | 70837 | 2 |
0.440 | 483703 | 8 |
0.445 | 256790 | 4 |
0.450 | 403993 | 12 |
0.455 | 7992 | 2 |
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