$100 million at 31/12/19 as they acquired Finocomp for $A 25 million in October 2019.
From half year presentation:
"Strong financial position with A$100m cash on the balance sheet to pursue further acquisitive and organic growth opportunities."
"Long-term cash flow is supported by predictable, long-term, client contracts."
They can conserve cash by shelving acquisitions if needed. Despite that the share price has fallen from $5.74 to $3.16 or nearly halved.
As earnings are mainly offshore the lower $A will help in translating profits into $A.
Seem to me to be one of the better placed firms. Growth may stall, but they are well placed to survive.
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$1.53 |
Change
-0.010(0.65%) |
Mkt cap ! $683.7M |
Open | High | Low | Value | Volume |
$1.55 | $1.56 | $1.52 | $988.4K | 645.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4625 | $1.52 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.53 | 2222 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 27000 | 1.515 |
1 | 1345 | 1.510 |
1 | 3000 | 1.505 |
2 | 17777 | 1.500 |
3 | 18500 | 1.470 |
Price($) | Vol. | No. |
---|---|---|
1.525 | 2222 | 1 |
1.555 | 3215 | 1 |
1.560 | 24511 | 2 |
1.565 | 24655 | 2 |
1.580 | 5319 | 1 |
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