Even if HLI lose all the CBA group business I look at their position at 31 December 2023.
NTA of $3.76 per share plus CSM in liabilities of $2.22 per share gives an earned value just shy of $6 per share. Based on current conditions and performance I think that LRC is over-provided for at 31 December which sends earned value north of $6 per share. This is without any regard to future earnings from new written business.
I just paid $3.45 per share to buy something I consider to have a medium term NPV of over $6, this makes me happy
Maybe this is why they have been holding back on the share buy-back, they should start to fill their boots.
Even if HLI lose all the CBA group business I look at their...
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Last
$3.34 |
Change
-0.880(20.9%) |
Mkt cap ! $972.9M | |||
| Open | High | Low | Value | Volume |
| $3.95 | $3.98 | $3.32 | $22.67M | 6.423M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 8388 | $3.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.35 | 4792 | 3 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| HLI (ASX) Chart |