Funded EPV growing at +38% YOY (+11% in Q4 alone). Income conversion rate of 24% for FY21, which is well above historical average. Over 400m$ of new commitments made during FY21, at which pace total deployed capital is likely to reach 2bn$ within the next three years, even after factoring in interim completions.
While the residual binary risk associated with Wivenhoe/Westgem, as well as some uncertainty over future ROIC due to possible regulatory reforms (e.g. proposed minimum return of class action proceeds to class members in Australia) might be weighing on the SP, the underlying investment thesis looks intact to me.
Funded EPV growing at +38% YOY (+11% in Q4 alone). Income...
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Last
$1.44 |
Change
-0.020(1.37%) |
Mkt cap ! $413.9M | |||
| Open | High | Low | Value | Volume |
| $1.45 | $1.46 | $1.43 | $147.9K | 102.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3703 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.47 | 10000 | 1 |
View Market Depth
| Last trade - 16.10pm 29/07/2025 (20 minute delay) ? |
| OBL (ASX) Chart |