Its early days here - and this is the kind of share that you buy and forget - its a while to maturity here.
A couple of things to consider .
1. Strong cash flows
2. Increasing cashflows
3. Positive cashflow increasing by quarter
Yes, debt is high and somewhat expensive, Yes admin costs are high , its a people business and you need good staff to manage in the back , at the front, and for compliance.
In time it will settle and debt will get paid back , with more turnover and increasing capitalization the debt will be cheaper.
I would imagine corporate strategy is targeting 50 M t/0 by end 2019 we are half way there.( annualized atm )
Its time to buy and hold . Give the hares to your kids as university endowments, barring a spanner in the works , this one is as good as any to give you a return.
I wish I had the smarts to pick the time but I'm not, but sometime in the future 3 - 4 years , there will be a good payout via takeover or capitalgrowth + dividends perhaps then , we would have wished we bought more ............
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Its early days here - and this is the kind of share that you buy...
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Last
57.5¢ |
Change
0.005(0.88%) |
Mkt cap ! $172.0M |
Open | High | Low | Value | Volume |
57.0¢ | 57.5¢ | 57.0¢ | $40.21K | 70.55K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 21671 | 57.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
58.5¢ | 109 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 21671 | 0.575 |
2 | 29549 | 0.570 |
2 | 24619 | 0.565 |
2 | 41340 | 0.560 |
4 | 68150 | 0.550 |
Price($) | Vol. | No. |
---|---|---|
0.585 | 109 | 1 |
0.590 | 50000 | 1 |
0.595 | 30299 | 1 |
0.620 | 126500 | 2 |
0.640 | 45158 | 2 |
Last trade - 12.03pm 16/08/2024 (20 minute delay) ? |
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IMB (ASX) Chart |