i got in at $50 last year and have seen this go till $80. I am a bit sceptical if it would go down to the 50s again ( unless a punchy overall market correction). in the last 12 months they have secured a contract with a hyperscaler in their ic3 east data centre (fully renamed now) . Billing is to start in a couple of months from the hyperscaler. their construction of ic3e is complete. Ic3 w planning approval received. So in summary lots has happened in the business. at the current SP sits at a fair price level. price to book does not cover the fact the asset value of the Capex needs to be considered. ic3e potentially will be a sold with a leaseback generating further cash.
suggest go to Roger's website and read through all the presentation completed by his asset manager Gary Rollo on the company.
i agree he has been on the media a bit too much selling the merits of the company, but this company has a top notch management. 60% owned by insiders.
fyi- Roger's small cap fund is not actively selling or buying this as of October. Perhaps they are waiting for the $100 trigger
Good news, bad news, page-359
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Last
$88.00 |
Change
1.010(1.16%) |
Mkt cap ! $2.268B | |||
| Open | High | Low | Value | Volume |
| $86.50 | $88.32 | $85.61 | $3.019M | 34.65K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 103 | $87.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $88.00 | 5 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| MAQ (ASX) Chart |