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
44.0¢ |
Change
0.020(4.76%) |
Mkt cap ! $728.3M |
Open | High | Low | Value | Volume |
42.5¢ | 44.5¢ | 42.5¢ | $861.6K | 1.972M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 111901 | 42.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.5¢ | 51934 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 111901 | 0.420 |
1 | 82866 | 0.415 |
4 | 181337 | 0.400 |
1 | 25000 | 0.395 |
2 | 26325 | 0.390 |
Price($) | Vol. | No. |
---|---|---|
0.445 | 51934 | 3 |
0.450 | 520498 | 11 |
0.455 | 12500 | 1 |
0.460 | 60756 | 3 |
0.465 | 67167 | 4 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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