This is a good position. My notes from last financial year had debt to equity at around 1.3. It has improved. I can also remember Steven saying that they aim to keep debt to EBITDA at or below 1. So debt is more or less in their target range.
PE Ratio Using the lower range of Underlying NPAT guidance and a PE of 10, we get a share price of approx. 97 cents.
With a record sales pipeline ahead I am happy to keep my money invested in this company.
ACF Price at posting:
71.0¢ Sentiment: Buy Disclosure: Held
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