So took another look at the PTL presentation, my observations:
- First time HwB has taken front spot as the dominant segment.
- HWB 62% vs Pental Brands 38% of earnings.
- $8m NPAT if full year and no debt valued at 8.2x P/E
- 70% payout ratio equals 10.6% gross dividend yield
- Pondering if they could spend $20m in debt during the next recession for another opportunistic acquisition, go 2x NPAT into gross debt to increase NPAT by 20-30%.
The main question for me is how will HWB hold up after having such a strong pandemic run increasing it's NPAT by 700% over the past 3 years. Will have to do some amateur analytics to get some confidence in that. But even if there is some mean reversion say earnings decline by 33% it would only take the P/E up to 10.5x.
I like the earnings profile more than ever for stability and upside longer term, I do think the e-commerce boom is over so stock multiple is unlikely to change too much anytime soon so would be more of a dividend play.
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- Ann: Pental delivers strong profit growth in FY22
So took another look at the PTL presentation, my observations:-...
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18.5¢ |
Change
-0.005(2.63%) |
Mkt cap ! $31.53M |
Open | High | Low | Value | Volume |
19.3¢ | 19.3¢ | 18.5¢ | $3.809K | 20.07K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 12960 | 18.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.5¢ | 43581 | 2 |
View Market Depth
No. | Vol. | Price($) |
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2 | 12960 | 0.185 |
9 | 88396 | 0.180 |
2 | 114290 | 0.175 |
2 | 36250 | 0.160 |
1 | 3340 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 43581 | 2 |
0.200 | 449801 | 12 |
0.205 | 189090 | 2 |
0.210 | 59000 | 3 |
0.215 | 50000 | 2 |
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