Surely that is not a good sign, no?
If they're trading on 6-7x NPAT, they should be on a cash earnings yield of at least 15%, probably closer to 20% (remember, they don't pay cash taxes) - which on their current market cap of $400m is $65-80m.
At the current rate they spending 300k/week on buybacks, they should be generating cashflow sufficient to buy back 300k/day.
If they're spending all their FCF on buybacks - if that is all the cash they have - we ought to run for the hills!
Surely that is not a good sign, no?If they're trading on 6-7x...
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Last
81.0¢ |
Change
-0.010(1.22%) |
Mkt cap ! $419.8M | |||
| Open | High | Low | Value | Volume |
| 80.0¢ | 81.0¢ | 78.8¢ | $243.0K | 305.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10999 | 79.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 82.0¢ | 6694 | 2 |
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| Last trade - 16.10pm 04/09/2024 (20 minute delay) ? |
| EHL (ASX) Chart |