2305 GMT [Dow Jones] -- Morningstar says job-ad company Seek's shares are still too pricey, even after a roughly 9% drop yesterday when the company said it expected profits to be flat as it continues to invest in its businesses. Morningstar says Seek shares should be trading at A$18, compared to the A$20 where they closed yesterday. Although Morningstar supports Australia-based Seek's strategy of investing in overseas job-ad websites, the research firm notes that Seek's profit margins have been falling in recent years. Its Ebitda margin was 47% in FY09 compared to the 29% forecast for FY19. ([email protected]; @Mike_Cherney)
2305 GMT [Dow Jones] -- Morningstar says job-ad company Seek's...
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Last
$26.79 |
Change
-0.320(1.18%) |
Mkt cap ! $8.321B | |||
| Open | High | Low | Value | Volume |
| $27.34 | $27.40 | $26.59 | $46.01M | 1.714M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 54 | $26.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.79 | 3652 | 2 |
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| SEK (ASX) Chart |
