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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This is quite a mooted response by the market. The update was...
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Last
45.5¢ |
Change
0.005(1.11%) |
Mkt cap ! $753.1M |
Open | High | Low | Value | Volume |
45.0¢ | 45.5¢ | 44.5¢ | $110.9K | 246.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 112406 | 45.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
45.5¢ | 196077 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 112406 | 0.450 |
4 | 53582 | 0.440 |
1 | 100000 | 0.435 |
2 | 56000 | 0.430 |
2 | 101747 | 0.420 |
Price($) | Vol. | No. |
---|---|---|
0.455 | 196077 | 2 |
0.460 | 15061 | 3 |
0.465 | 260887 | 7 |
0.470 | 349748 | 6 |
0.475 | 100000 | 1 |
Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
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