Have a closer look at the number disclosed in yesterday's announcement, Sigma lost the CW contract and around 30m EBIT for FY2020, the $300M released cash coming out of that contract will be redeployed into other revenue earning asset or business, however on today's high asset valuation environment, it's hard to generate 10% EBIT (30m from 300m capital).
Personally I believe the best approach is not rushing into new business, but should go for a massive share buy-back.
$300 Millions doesn't cover the short-fall the CW left over, but it can reduce the outstanding shares by HALF.
Have a closer look at the number disclosed in yesterday's...
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Last
$2.89 |
Change
0.110(3.96%) |
Mkt cap ! $2.300B | |||
| Open | High | Low | Value | Volume |
| $2.82 | $2.92 | $2.76 | $22.11M | 7.733M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 509791 | $2.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 226186 | 6 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| SIG (ASX) Chart |
