Thanks for your thoughts - some really interesting stuff there. And don't worry I don't think you're being negative - it's good to be able to have a rational discussion about the pros and cons of a company, and it sounds like we're largely agreed that they're undervalued. A very refreshing change to a lot of the "SHARE PRICE WILL HIT $X BY MARCH" stuff on HC.
I agree it's not an incredible growth story, and for me that's what I see as inhibiting it getting back to eg around the 2017-18 levels. I guess my thinking is that at these prices, it doesn't have to be. ~4.4% yield on today's prices that will only increase once debt is paid down means that even if EBIT stays relatively flat, within a few years that yield will go higher still, and the share price should follow. For a 2-3 year timeframe, and with a big chunk of their EBIT fairly stable, seems pretty compelling buying. Agree the COVID uplift in the contract manufacturing was likely just a temporary spike and might not significantly increase the price paid for any divestment.
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Thanks for your thoughts - some really interesting stuff there....
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Last
81.0¢ |
Change
0.030(3.85%) |
Mkt cap ! $278.8M |
Open | High | Low | Value | Volume |
81.0¢ | 81.0¢ | 81.0¢ | $38 | 47 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9794 | 81.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
83.0¢ | 5000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9794 | 0.810 |
1 | 800 | 0.780 |
1 | 10000 | 0.765 |
1 | 6266 | 0.750 |
1 | 2200 | 0.700 |
Price($) | Vol. | No. |
---|---|---|
0.830 | 5000 | 1 |
0.835 | 7860 | 1 |
0.840 | 24988 | 1 |
0.845 | 7708 | 2 |
0.850 | 45821 | 5 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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