Its not growing revenue or earnings but is working hard enough to grow shareholder equity on average 2m every year whilst continuing to generate ROE of 12-15%. Given its trading at book value & seems steady in generating 12-15% a year which is paid out to shareholders & the rest building up shareholder equity, you would think it should trade above book value. But with a debt/equity ratio of 50% there is a risk premium attached, & why would this stock go to a PE ratio of 15 when it cant improve earnings? I believe a stock with a PE ratio of 15 should come with modest expectations of EPS growth.
I wish I had of seen this earlier as from April to October 2020 it traded flat at 70c which was a steal, but at the current price of 95c I think its fairly priced. If I bought at 70c I would hold and see if it could break past $1.20, but I couldn't buy at this price as whether it goes to 80c or $1.2 who knows, but at 70 cents there was just so much upside relative to the downside.
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Its not growing revenue or earnings but is working hard enough...
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Last
67.5¢ |
Change
-0.005(0.74%) |
Mkt cap ! $44.08M |
Open | High | Low | Value | Volume |
67.5¢ | 68.0¢ | 67.0¢ | $25.22K | 37.28K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 7800 | 67.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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67.5¢ | 4176 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 4800 | 0.670 |
3 | 45800 | 0.650 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.675 | 4176 | 1 |
0.680 | 20720 | 1 |
0.690 | 11500 | 2 |
0.700 | 22663 | 1 |
0.730 | 10000 | 1 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
68.0¢ |
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Change
-0.005 ( 0.74 %) |
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Open | High | Low | Volume | ||
67.0¢ | 68.0¢ | 65.5¢ | 16920 | ||
Last updated 14.01pm 14/06/2024 ? |
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