We don't need to guess the split between stay in business and growth capex as the company provides it (growth = $84m, see below). And I agree it isn't a cash machine but it is better than a 5x earnings machine. Company is guiding to 90% cash conversion for the full year and $100m of free cash flow (after all capex) so if they deliver on this that is a decent outcome in my view. It's not REA or PME but it doesn't have to be when trading on 5x earnings.
Ann: HY24 Results Presentation, page-20
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Last
95.5¢ |
Change
-0.030(3.05%) |
Mkt cap ! $909.3M | |||
| Open | High | Low | Value | Volume |
| 98.0¢ | 98.5¢ | 95.5¢ | $1.349M | 1.399M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 31735 | 95.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 96.5¢ | 6601 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
97.0¢ |
Change
-0.030 ( 2.11 %) |
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| Open | High | Low | Volume | ||
| 98.0¢ | 98.0¢ | 95.5¢ | 300916 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| PRN (ASX) Chart |