I would prefer them to use the $45 million per annum in profits for a sustained buyback.
It trades at a PE of 5x. Thats a company that has $120M in cash and a market cap of $240M!!!
There could be no better use of free cash flow than buying operating business trading at a PE of 2.2X
It has zero corporate debt. The board should be thinking about acquisitions. Grimshaw has a risk taking mindset and I would not be at all surprised if he pushes this strategy.
Valuing Hum, page-144
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Last
78.5¢ |
Change
0.040(5.37%) |
Mkt cap ! $385.7M | |||
| Open | High | Low | Value | Volume |
| 75.0¢ | 79.0¢ | 74.0¢ | $1.587M | 2.069M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 107169 | 76.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 78.5¢ | 108353 | 2 |
View Market Depth
| Last trade - 16.10pm 09/09/2024 (20 minute delay) ? |
| HUM (ASX) Chart |