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
91.5¢ |
Change
0.030(3.39%) |
Mkt cap ! $337.6M |
Open | High | Low | Value | Volume |
89.5¢ | 91.5¢ | 89.0¢ | $167.5K | 185.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 16414 | 91.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
91.5¢ | 92783 | 18 |
View Market Depth
No. | Vol. | Price($) |
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12 | 15884 | 0.910 |
21 | 54546 | 0.905 |
16 | 64582 | 0.900 |
8 | 42448 | 0.895 |
5 | 16250 | 0.890 |
Price($) | Vol. | No. |
---|---|---|
0.915 | 70589 | 10 |
0.920 | 75218 | 12 |
0.925 | 12908 | 4 |
0.930 | 41761 | 8 |
0.935 | 14527 | 4 |
Last trade - 11.08am 18/06/2024 (20 minute delay) ? |
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Last
92.0¢ |
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Change
0.030 ( 3.64 %) |
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Open | High | Low | Volume | ||
89.5¢ | 92.0¢ | 89.5¢ | 12957 | ||
Last updated 11.33am 18/06/2024 ? |
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