I initially purchased in the low $2 range mid last year. Stock definitely doesn't look as much of a bargain as it was then but still happy to hold.
Even if they miss low end of guidance by 10% --> $18m NPAT, 14.1c EPS, 9.9c Div is reasonable @ ~ $3.50 share price so reasonable margin of safety imo.
If they can continue to roll out a couple of stores per year for the medium term, plus the natural benefit as 0-3 year stores mature (higher revenue and EBITDA margin on 4+ year old stores), this should be a portfolio position that just trucks along with limited fuss.
I initially purchased in the low $2 range mid last year. Stock...
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$1.69 |
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Mkt cap ! $227.9M | |||
| Open | High | Low | Value | Volume |
| $1.64 | $1.72 | $1.64 | $499.5K | 296.9K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1086 | $1.69 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.71 | 1000 | 1 |
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