Not really sure what point you are arguing ... I really couldn't careless the CEO's explanation for the "near" miss is.
The facts are that regardless of that "near" miss this year, growth is still slowing to 20% next FY
Their technology aspirations did not play off and only resulted in a temporary SP pump
The buy back is going to add $300M of debt, to purchase back stock on a PE of 30, whilst NPAT is still just $118M
Once again @marcop11 I think you are confused. No one is knocking the business, the CEO or anything else. However, the business is grossly overpriced when you consider growth is slowing considerately, and the buy back is in no way sound capital management
The stock has lost all hype, it comes down to profits only now ...
Not really sure what point you are arguing ... I really couldn't...
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Last
$33.15 |
Change
0.460(1.41%) |
Mkt cap ! $2.865B | |||
| Open | High | Low | Value | Volume |
| $32.85 | $33.53 | $32.80 | $12.31M | 370.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 871 | $33.13 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $33.15 | 451 | 2 |
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| Last trade - 16.10pm 03/12/2024 (20 minute delay) ? |
| DMP (ASX) Chart |
