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
$1.04 |
Change
0.020(1.97%) |
Mkt cap ! $985.4M | |||
| Open | High | Low | Value | Volume |
| $1.02 | $1.04 | $1.02 | $1.620M | 1.574M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9639 | $1.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.04 | 166166 | 12 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| PRN (ASX) Chart |