I'm surprised there's no positive SP movement today, but I guess it had already run up ~20% in the last couple of months. The business generating enough cash for ~$100M of buybacks in a year makes the ~$810M marketcap (300M shares @ $2.70) seem undervalued though.
The question is how sustainable is that cash generation? The only negative point I could see was that the cash result was overstated relative to what's sustainable on an ongoing basis since the car inventory was reduced...so in the future we'll either need to buy more cars or run out of stock.
I'm surprised there's no positive SP movement today, but I guess...
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Last
$3.07 |
Change
-0.010(0.32%) |
Mkt cap ! $734.6M | |||
| Open | High | Low | Value | Volume |
| $3.08 | $3.12 | $3.03 | $1.052M | 342.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8447 | $3.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.10 | 2332 | 2 |
View Market Depth
| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| FPR (ASX) Chart |