Lest I get misunderstood...
I actually like the results, presented in typically clean fashion (though some more detail wrt "exports", per my prior comments, would be nice). I think however, we may all be getting hot and sweaty by the ME & Europe segment, which is still a very small segment - and I suspect we may even be getting a little misled.
But the domestic (mining apocalypse recovery) is very pleasing to me. The ME&Europe is pleasing too - and very exciting. But the domestic recovery is just more significant - I think.
On balance, my sense is that the intrinsic value of the business has gone up by circa 8%. Unfortunately, as already stressed by @madamswer, that will barely make a dent in the price multiple.
Lest I get misunderstood... I actually like the results,...
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Last
$40.33 |
Change
0.020(0.05%) |
Mkt cap ! $3.272B | |||
| Open | High | Low | Value | Volume |
| $40.09 | $40.33 | $39.46 | $4.074M | 101.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 114 | $40.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.33 | 597 | 3 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| ARB (ASX) Chart |