Maybe it's just me but I didn't think the results were all that bad. This business is trading around 10x earnings, paying 6% fully franked, has its snout in the trough of government infrastructure projects and is facing into a cyclical upswing in residential development which is at a lull right now.
They're paying full freight tax, they've issued a few more shares than we'd like and dilution is a factor too. A little bit of smoke and mirrors... but a lot of opportunity to keep deploying incremental capital at high ROI and valuation is very compelling.
Ann: FY24 Full Year Results Presentation, page-8
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Last
$1.07 |
Change
0.020(1.90%) |
Mkt cap ! $316.4M | |||
| Open | High | Low | Value | Volume |
| $1.06 | $1.08 | $1.05 | $217.8K | 204.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 7071 | $1.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.07 | 2433 | 3 |
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| Last trade - 13.39pm 09/10/2024 (20 minute delay) ? |
| ACF (ASX) Chart |