$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.
$100 million at 31/12/19 as they acquired Finocomp for $A 25...
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Last
$2.21 |
Change
-0.010(0.45%) |
Mkt cap ! $990.8M | |||
| Open | High | Low | Value | Volume |
| $2.21 | $2.23 | $2.19 | $6.857M | 3.103M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 362173 | $2.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.22 | 4728 | 2 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| BVS (ASX) Chart |