You appear to be saying the same as what I indicated. When comparing ROE to cost of equity the investment will, in theory, trade at a discount to book if not achieving its required cost of equity. As all the cash on the balance sheet dilutes ROE this reduces valuation unless there is a clear use for the cash that will generate cost of equity...The cash on the balance sheet may create somewhat of a share price put, but it also makes the balance sheet very lazy. If that cash was returned, used in buy back or earmarked for a clear project with Expected returns north of cost of equity I would suggest we should already be trading at a premium to book...
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Last
29.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $341.4M |
Open | High | Low | Value | Volume |
30.0¢ | 30.0¢ | 29.5¢ | $64.31K | 215.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
25 | 189430 | 29.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
30.0¢ | 83331 | 20 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
26 | 201952 | 0.295 |
21 | 312509 | 0.290 |
17 | 248291 | 0.285 |
36 | 1203012 | 0.280 |
14 | 331517 | 0.275 |
Price($) | Vol. | No. |
---|---|---|
0.300 | 54059 | 15 |
0.305 | 183718 | 12 |
0.310 | 103423 | 9 |
0.315 | 242955 | 9 |
0.320 | 152452 | 9 |
Last trade - 12.33pm 22/08/2024 (20 minute delay) ? |
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