Well the minimal impact on financials indicates that the majority is either covered by insurance or from the counterparty...
This massively derisks the company- trading at <3 EV/EBITDA and a trailing yield of 9.3%.
Still a steal at these prices. We are looking at profit 10% growth without leveraging training, which is an opportunity to grow further when Victoria stops being a drag on WA/QLD.
I think with this de-risking a PE of 10 and an EV/EBITDA ratio of 5 is justified giving a price north of 0.40. We may have to wait to see the balance sheet before this happens though, particularly with skittish markets. @peterdoobes@ambitious.1 any thoughts?
ASH Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)