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81.5¢ shine justice ltd

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lateral5

3,315 Posts.

51

29/02/16

09:32

Post #: 17139732
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Originally posted by accaeric ↑

Perpetual has been lading up over 11m since the big drop to 47c.
I reckon the worst time is over and slow recovery is under way.
Positive cash flow for the first half year +$3.6m
Low gearing ratio 18.3%
Gross loan facilities $87.85m
Used loan facilities - $48.8m
Undrawn loan facilities $39.05m available

Second half year usually has large operating cash flow, around $8m
EBITDA for second half between $22m to $26m

Without one off provision adjustment, FY2016 EBITDA would be $43m.

Conservative Valuation = $43m x 5 - net debt $32m = $1.06 per share

For listed companies, usually use PE which results in a much higher valuation in this case.

Top 4 shareholders, hold around 68% of the total issued shares.
Once all these negatives have been absorbed and forgotten, share price will rise, IMO.

This stock would be silimar to SWM as I posted four months ago, is a safe and "low" return bet.
(SWM +31% in four months)

I expect SHJ to head above $1 over next few months.

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Especially since SGH released its disaster numbers this morn.

SHJ Price at posting: 66.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 81.5¢		Change 0.005(0.62%)		Mkt cap ! $141.1M

Open	High	Low	Value	Volume
82.0¢	82.0¢	80.0¢	$33.55K	41.24K

Buyers (Bids)

No.	Vol.	Price($)
1	8277	80.0¢

Sellers (Offers)

Price($)	Vol.	No.
81.5¢	80	1

View Market Depth

No.	Vol.	Price($)
1	8277	0.800
1	948	0.740
1	715	0.700
2	5850	0.600
0	0	0.000

Price($)	Vol.	No.
0.815	80	1
0.820	13281	1
0.830	30459	3
0.840	22172	4
0.850	29465	4

Last trade - 15.41pm 28/10/2024 (20 minute delay)

SHJ (ASX) Chart