If they manage to stabilise the Hampers business and maintain postive EBIT this half, there is a chance they could salvage value from selling off the business.
My reading of "strategic review" is that they are looking to offload the business and the main shareholders/directors are probably looking at retirement following the sale of the main business.Based on a share price of 33, post dist (18c cap +7 c div), they are looking at a share price of 8c, translating to a market value of ~14m. Cash ~10m leaves the hampers business at ~5m. If they stick to their plan of 7c div, i do see value.
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Last
9.0¢ |
Change
0.009(11.1%) |
Mkt cap ! $15.34M |
Open | High | Low | Value | Volume |
8.2¢ | 9.0¢ | 8.0¢ | $38.41K | 459.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 525 | 8.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.8¢ | 38896 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 525 | 0.083 |
1 | 100000 | 0.081 |
4 | 155225 | 0.080 |
2 | 54750 | 0.079 |
2 | 25640 | 0.078 |
Price($) | Vol. | No. |
---|---|---|
0.088 | 38896 | 2 |
0.090 | 56493 | 2 |
0.091 | 12020 | 1 |
0.095 | 32280 | 2 |
0.096 | 99273 | 1 |
Last trade - 15.37pm 30/08/2024 (20 minute delay) ? |
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