This purchase has taken a lot of cash out of the balance sheet, increased debt and seen the issue of 5.9+m shares. While the directors are suggesting earnings positive by year end (2024) I expect the net result of this transaction will hold back any increase in shareholder payments over the next 12 months.
On the face another good expansion, a large business in the North American market but appears fully priced. This appears a 'soft entry' into North America perhaps with bigger ambitions into the USA in the next few years.
In terms of significant contribution to profit > shareholder return we may be waiting to 2025. Long term investors for growth would see the current share price as attractive. Short-termers and traders are unlikely to fish in this pond until there is more volatility. Also weighing on the share price will be reference to debt (with current interest / borrowing costs) to fund this purchase.
All IMO. DYOR For me an opportunity to add to my holding.
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Last
$6.19 |
Change
0.120(1.98%) |
Mkt cap ! $1.648B |
Open | High | Low | Value | Volume |
$6.03 | $6.23 | $6.03 | $6.257M | 1.012M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3041 | $6.19 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.20 | 1373 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 1873 | 6.000 |
1 | 500 | 5.970 |
1 | 3000 | 5.920 |
1 | 9 | 5.900 |
1 | 1000 | 5.850 |
Price($) | Vol. | No. |
---|---|---|
6.230 | 5000 | 1 |
6.250 | 2583 | 1 |
6.300 | 10000 | 1 |
6.310 | 23947 | 3 |
6.320 | 798 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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IPH (ASX) Chart |