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.
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Last
98.5¢ |
Change
-0.005(0.51%) |
Mkt cap ! $303.3M | |||
| Open | High | Low | Value | Volume |
| 98.0¢ | 99.0¢ | 97.5¢ | $221.7K | 225.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3024 | 98.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 99.0¢ | 107627 | 6 |
View Market Depth
| Last trade - 16.10pm 01/07/2025 (20 minute delay) ? |
| ACF (ASX) Chart |