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
97.0¢ |
Change
-0.005(0.51%) |
Mkt cap ! $300.2M | |||
| Open | High | Low | Value | Volume |
| 98.5¢ | 98.5¢ | 96.5¢ | $131.8K | 135.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 11410 | 96.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 97.0¢ | 612 | 1 |
View Market Depth
| Last trade - 10.22am 03/07/2025 (20 minute delay) ? |
| ACF (ASX) Chart |