I opened a position here today after watching a while. Agree with the OP. These are some stunning metrics for a very attractive price. Consistent double digit ROIC and ROE, sub 10x 2024 PE and a 6% dividend yield with a DRP that provides a 2.5% discount - shut up and take my money!
We’re only getting a chance to buy as major holders have rebalanced their portfolio as they have much lower buy in prices. Meanwhile those IN THE KNOW ie management have been consistent buyers which provides some comfort
I’m expecting the market to wake up to the cheap price and strong FY24 year when they do their next report. The last acquisition should drive some good earnings growth and bank some synergies. Hoping to build a bigger position if this falls further too.
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