I was impressed by the presentation. They are spending money to reduce costs and upgrade equipment, as well as expand the product range. I had been thinking of selling as I saw this as a stagnant business, but it seems to have been given a new lease of life by the HWB takeover.
Looks to me with full year (an extra 2 months) from HWB and further expansion of the old business, this year's underlying profit could rise 10% from 4.5 cps to 5 cps and the dividend from 3 cps to 3.5 cps. That suggests 50 cps is a reasonable price target with a PE of 10 and fully franked yield of 7%. Moreover with little debt they can look at further expansion either organic or by takeover and continued growth next year.
A solid, high dividend paying, company, even if consumer spending slows. Happy to hold now.
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19.0¢ |
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Mkt cap ! $32.38M |
Open | High | Low | Value | Volume |
19.8¢ | 19.8¢ | 19.0¢ | $1.054K | 5.374K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 18853 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 379538 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 18853 | 0.190 |
2 | 14300 | 0.185 |
7 | 75396 | 0.180 |
2 | 114290 | 0.175 |
1 | 6065 | 0.165 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 308561 | 9 |
0.205 | 189090 | 2 |
0.210 | 59000 | 3 |
0.215 | 50000 | 2 |
0.220 | 340600 | 4 |
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