Agreed with all of this. Also consider that net cash is ~$22m at the moment. EV = $164m
Even if they just repeat the $8.1m PAT for 2H (they'll do much better judging by FUAdm, FUM and staffing numbers), you'll end up at $16.3m UNPAT.
9-10x EV/FCF is basically the current pricing.
Given historical performance, that seems insane to me.
Agreed with all of this. Also consider that net cash is ~$22m at...
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Last
$7.73 |
Change
-0.260(3.25%) |
Mkt cap ! $243.3M | |||
| Open | High | Low | Value | Volume |
| $7.93 | $7.93 | $7.70 | $65.61K | 8.417K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 35 | $7.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.73 | 1 | 1 |
View Market Depth
| Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
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Last
$7.73 |
Change
-0.260 ( 1.48 %) |
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| Open | High | Low | Volume | ||
| $7.92 | $7.93 | $7.69 | 3069 | ||
| Last updated 15.59pm 14/05/2024 ? | |||||
| FID (ASX) Chart |