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
0.000(0.00%) |
Mkt cap ! $728.3M |
Open | High | Low | Value | Volume |
43.5¢ | 44.0¢ | 43.0¢ | $170.6K | 390.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 15545 | 43.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.0¢ | 80122 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 15545 | 0.430 |
1 | 10000 | 0.425 |
1 | 101000 | 0.420 |
3 | 14481 | 0.405 |
5 | 229014 | 0.400 |
Price($) | Vol. | No. |
---|---|---|
0.440 | 30122 | 2 |
0.445 | 256790 | 4 |
0.450 | 240364 | 10 |
0.455 | 7992 | 2 |
0.460 | 132928 | 3 |
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