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
42.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $686.9M |
Open | High | Low | Value | Volume |
41.0¢ | 42.5¢ | 40.5¢ | $1.054M | 2.514M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 154638 | 41.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
42.0¢ | 5661 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 120957 | 0.415 |
2 | 5751 | 0.410 |
5 | 39606 | 0.405 |
2 | 39218 | 0.400 |
2 | 179568 | 0.395 |
Price($) | Vol. | No. |
---|---|---|
0.420 | 63744 | 6 |
0.425 | 42519 | 2 |
0.430 | 41484 | 4 |
0.435 | 20000 | 1 |
0.440 | 29198 | 3 |
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