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.
I would prefer them to use the $45 million per annum in profits...
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Last
48.0¢ |
Change
0.015(3.23%) |
Mkt cap ! $235.8M | |||
| Open | High | Low | Value | Volume |
| 46.5¢ | 48.0¢ | 45.0¢ | $159.6K | 339.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1100 | 47.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 61831 | 4 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| HUM (ASX) Chart |