SIQ 1.89% $8.62 smartgroup corporation ltd

“Since August 2023, we have believed that the market was...

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    “Since August 2023, we have believed that the market was underestimating no-moat Smartgroup’s labor intensity while overestimating its ability to grow novated leasing yields—mainly transactional revenue from facilitating novated leases for employees.The firm’s annual general meeting update broadly aligns with our view, and we maintain our fair value estimate of AUD 8.30 per share. The share price decline since February 2024 likely reflects the market’s recognition of the aforementioned downside risks, and shares now screen as fairly valued.”


    An extract from Morningstar. The analyst who covers SIQ for Morningstar is a bit of a chicken little person.

    I very rarely watch A u s b i z and when I do it always irritates me.

 
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Last
$8.62
Change
0.160(1.89%)
Mkt cap ! $1.154B
Open High Low Value Volume
$8.51 $8.63 $8.45 $8.638M 1.006M

Buyers (Bids)

No. Vol. Price($)
2 1875 $8.55
 

Sellers (Offers)

Price($) Vol. No.
$8.62 4328 4
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Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
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