Provisions are part of their business and not going away. Its what they do
The company is worth at least $400m or 90 cents per share.
I base that on the value that could be achieved if the commercial receivables were sold......a few years ago it was worth $300m and the book was worth half what it is now.
A reasonable question for the board to be asked is:
"Given the low market value attached to the whole listed business which appears to be 50% or less of the value of the discounted future value of our commercial receivables portfolio, would shareholders benefit from a trade sale and/or monetisation of the receivables book?"
What Does AA Know?, page-117
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Last
81.0¢ |
Change
0.025(3.18%) |
Mkt cap ! $398.0M | |||
| Open | High | Low | Value | Volume |
| 78.0¢ | 81.5¢ | 77.5¢ | $2.346M | 2.926M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 205974 | 80.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 81.5¢ | 64306 | 4 |
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| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| HUM (ASX) Chart |