I don't understand this company.
Pulls in profits (admittedly much less than in the past, and coming into an el nino period won't help). But it keeps the lights on with about $4m after tax and close to $10m EBITDA. Got a tonne of net tangible assets (net assets of $128m). But only a market cap of $30m!?!?
What am i missing? I have read a few posts about the board being more interested in growers than their directors' duties of maximising shareholder value, are they incompetent? Is there a risk of the company slipping into the red through a drought period and eating into their balance sheet?
Boz
I don't understand this company. Pulls in profits (admittedly...
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Last
77.5¢ |
Change
0.005(0.65%) |
Mkt cap ! $160.5M | |||
| Open | High | Low | Value | Volume |
| 77.0¢ | 77.5¢ | 77.0¢ | $117.8K | 152.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 95135407 | 77.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 77.5¢ | 1014092 | 2 |
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| Last trade - 12.51pm 08/10/2024 (20 minute delay) ? |
| NAM (ASX) Chart |