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.
We don't need to guess the split between stay in business and...
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Last
$1.05 |
Change
0.010(0.97%) |
Mkt cap ! $980.1M | |||
| Open | High | Low | Value | Volume |
| $1.04 | $1.06 | $1.04 | $3.841M | 3.668M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 45758 | $1.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.05 | 7690 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| PRN (ASX) Chart |