I think this stock will produce a good 2H FY16 result that will surprise the market.
I see that they didn't operate their buy-back operation on Thurs & Fri this week - that indicates to me that there will be an announcement on Mon/Tues in the coming week - I would speculate that they will update the market on their earnings outlook for FY16.
Historically is priced on a much higher P/E ratio than the current forward ratio of 15 times FY17 earnings.
Very clean Balance Sheet with no debt and plenty of cash - tight share register with some eight substantial shareholders holding 60% of issue shares.
Recovery stock?
Add SGM (ASX) to my watchlist
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Last
$12.81 |
Change
0.070(0.55%) |
Mkt cap ! $2.475B | |||
| Open | High | Low | Value | Volume |
| $12.79 | $12.90 | $12.58 | $4.035M | 315.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1450 | $12.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.82 | 2211 | 3 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| SGM (ASX) Chart |