I hope it drops more. If one takes the 5 to 10 years view, profits are bound to increase purely because of retained earning.
In the worst case, earning stays flat at 20 plus million for next five years and they lost the case and need to cough up to 40 millon. This means retained earning is 60 plus earning. Car loan and MACC loans are bound to go up. So earning will be substantially higher from 21 million from now on. Even at 25 millon, it is selling at 6 times the earning. That's assuming they are not even applying leverage. Net debt is 30 plus million. I am sure they can load up another 90 million given the facilities that they have.
Normal pricing cant be that low. But I hope it goes lower.
I hope it drops more. If one takes the 5 to 10 years view,...
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Last
23.5¢ |
Change
0.005(2.17%) |
Mkt cap ! $138.0M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.5¢ | 23.3¢ | $27.00K | 114.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 278286 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 195090 | 3 |
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| Last trade - 16.10pm 25/11/2024 (20 minute delay) ? |
| CCV (ASX) Chart |
