The expected cash conversion over the next few years will be closer to 50%, instead of the 70% realised in this half. This is because the core business requires more reinvestment than was previously expected. My best guess is that puts the company on a normalised FCF yield of about 8.5% - which is good, but not great. Also, the interest income is quite a bit lower than it should be (2.5% vs T-Bills at 4.5%) - there may be a structural reason for this (i.e. they jumped in 30 year bonds at 2% or something stupid).
All that aside, I'm happy holding as the downside here seems pretty limited while the upside (Sentenial sale, better interest income, more core biz contracts) is there.
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Last
99.0¢ |
Change
-0.010(1.00%) |
Mkt cap ! $371.3M |
Open | High | Low | Value | Volume |
$1.00 | $1.03 | 98.0¢ | $855.7K | 864.2K |
Buyers (Bids)
No. | Vol. | Price($) |
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3 | 28087 | 99.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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99.5¢ | 16344 | 2 |
View Market Depth
No. | Vol. | Price($) |
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3 | 28087 | 0.990 |
3 | 81005 | 0.985 |
5 | 105097 | 0.980 |
3 | 141118 | 0.975 |
1 | 500 | 0.970 |
Price($) | Vol. | No. |
---|---|---|
0.995 | 16344 | 2 |
1.000 | 22118 | 3 |
1.010 | 17520 | 1 |
1.020 | 47373 | 2 |
1.025 | 17972 | 1 |
Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
98.5¢ |
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Change
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Open | High | Low | Volume | ||
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Last updated 15.59pm 27/05/2024 ? |
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