Even after today's rebound (+ 20 %) due to the change of CEO, the difference of valuation with Tamawood remains significant as Simonds has an EV/ FY 23 sales of 7 % vs 115 % for Tamawood.
However, the profile of the 2 companies are quite different :
- Simonds required a massive capital increase in 2022 (number of shares increased by 144 %), unlike Tamawood which still had net cash during the downturn,
- now, that the market is recovering, both companies show a strong recovery of their margin, however the trend of their sales is quite different for Q1 24 : + 30 % yoy for Tamawood vs - 13 % for Simonds.
Ann: SIO Trading Update, page-3
Add SIO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
18.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $66.58M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17142 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 20000 | 1 |
View Market Depth
| Last trade - 10.08am 04/11/2024 (20 minute delay) ? |
| SIO (ASX) Chart |
Day chart unavailable