based on Labour Hires half year EBITDA of $3.8m and allowing for the 2nd half normally being approx $1m weaker than first half and after deducting head office costs of $2m we should be looking at NPBT for the full year at just under $4m for the labour hire business (excluding an training impact). Even if they pay the a full tax rate of 0.30% going fwd (which they wont due to accumulated losses) this gives a NPAT of $2.8m which gives a trading PE of 4.8x. Big assumption but if this NPAT is sustainable ASH should be trading at a PE of at least 7x giving a minimum share price of 13c. So at current levels, this should be a buy?
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based on Labour Hires half year EBITDA of $3.8m and allowing for...
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Last
18.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $25.91M |
Open | High | Low | Value | Volume |
18.5¢ | 18.5¢ | 17.5¢ | $60.71K | 333.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9000 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.5¢ | 91502 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9000 | 0.180 |
8 | 280221 | 0.175 |
4 | 120627 | 0.170 |
3 | 69650 | 0.165 |
3 | 95500 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 91502 | 1 |
0.200 | 81800 | 2 |
0.210 | 62500 | 1 |
0.220 | 50995 | 2 |
0.225 | 39108 | 1 |
Last trade - 15.51pm 02/09/2024 (20 minute delay) ? |
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