SWM FY19 Ev/ebitda expected to be around 5 times . NEC is better value imo with FY19 Ev/ ebitda around 4 times.
DHG share price has been oversold (3.60 to 2.20) imo and dragged NEC down with it. Premium advertising needed to sell properties that previously sold with barely any advertising , this should compensate for falling listings.
https://www.smh.com.au/business/com...wth-as-house-prices-fall-20180810-p4zwrt.html
Home sellers are spending more money on advertising their properties due to nervousness over sliding house prices in Australia’s major markets, according to REA Group.
The switch to more prominent, premium-priced ads helped the News Corp-owned property portal report a 23 per cent increase in profit in fiscal 2018 despite a fall in the number of listings.
Ann: Change in substantial holding, page-8
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Last
$1.10 |
Change
-0.035(3.10%) |
Mkt cap ! $1.958B | |||
| Open | High | Low | Value | Volume |
| $1.14 | $1.14 | $1.09 | $4.013M | 3.612M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 22344 | $1.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.10 | 28916 | 3 |
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| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| NEC (ASX) Chart |
