I wouldn't read too much into the high turnover in a Labour Hire...

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jamwolf

6,056 Posts.

110

03/03/17

19:26

Post #: 23089229
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Originally posted by GPASAS ↑

Delphi, I agree with you and I actually recorded my underlying PE for the year at 4.79 so we both have the same views. I bought 405,000 of the sales yesterday so almost 1/3 of the total turnover. I did not think they would be falling down to 9c.

The other figure I think is outstanding is the share price compared to the market revenue. At 9.5c, the market cap is $13.68m. The revenue for the first half was 163.345m and the revenues have been up around 300m for the last two years. So the revenue will be more than 20 times the market cap. That doesn't happen very often. This stock has net cash of 2.05m so it is not using debt to get that big revenue either.

Surely we will get a recovery in the share price.

GPASAS

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I wouldn't read too much into the high turnover in a Labour Hire business.

But yes, the earnings from Labour Hire are heading the right way. There should be further improvement now it's the main focus of the group.

Add in vastly lower central costs, and Ashley should be capable of making a net $5m profit in 17/18.

Sentiment back to Buy.

ASH Price at posting: 9.2¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 18.0¢		Change 0.010(5.88%)		Mkt cap ! $25.91M

Open	High	Low	Value	Volume
17.5¢	18.0¢	17.5¢	$18.35K	102.0K

Buyers (Bids)

No.	Vol.	Price($)
1	698	18.0¢

Sellers (Offers)

Price($)	Vol.	No.
18.5¢	24313	2

View Market Depth

No.	Vol.	Price($)
1	698	0.180
1	149944	0.175
2	35881	0.170
5	275324	0.165
4	135842	0.160

Price($)	Vol.	No.
0.185	24313	2
0.195	322721	3
0.200	109894	1
0.220	62215	1
0.225	4761	1

Last trade - 15.44pm 28/07/2025 (20 minute delay)

ASH (ASX) Chart

I wouldn't read too much into the high turnover in a Labour Hire...

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I wouldn't read too much into the high turnover in a Labour Hire...

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ASX Market Close: New week sees local bourse snaps 2-day losing streak | July 28

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