I think they did the CR in too much of a rush, therefore at too low a price. So, I agree on that. That is an issue of capital structure management . In terms of their management of the underlying business I don’t see too much wrong. They are generating heaps of cash and will be ( net )debt free soon.
For me, the value is just too low at present for the EBIT they generate. Way too low. I think at these levels it has become a target, especially if any further relaxation in media ownership rules ensues. Number one industry market position. Very low multiple. Clean balance sheet. A complementary asset portfolio for tv and online media assets
I think they did the CR in too much of a rush, therefore at too...
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Last
53.0¢ |
Change
0.005(0.95%) |
Mkt cap ! $127.1M | |||
| Open | High | Low | Value | Volume |
| 52.5¢ | 53.0¢ | 51.5¢ | $115.5K | 223.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 44670 | 51.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 53.0¢ | 134853 | 2 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| SXL (ASX) Chart |