I realise it’s a stable business with stable revenue. However, isn’t the debt to equity ratio of 110 slightly worrying given that in a rising interest rate climate this will further eat into earnings?
Also at the current share price the forward PE ratio of 16.8 isn’t exactly cheap for a company which probably won’t grow as fast in the coming years.
Your views are much appreciated.
Cheers
I realise it’s a stable business with stable revenue. However,...
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