Is nobody following this stock?
It's amazing value, as far as I can tell...
- Trading on a P/E less than 6 and < 4* cash flow!
- Cash in bank of 6mil
- No bank debt
- 7% yield (unfranked)
- ROE increased to 23%
- Mostly selling to O/S markets and STILL making a profit, including the impacts from the AUD! (what happens when/if this falls...)
- Management own a good portion of the company and have been in place for a while
- Stable earnings
- Just acquired a digital advertising company that only contributed 2months of the year to profits... meaning that all things being equal, this portion of profits should increase 6 times (granted that doesn't always happen).
The only downside I can see is that 10% of their revenue is from one client... But removing this revenue, you still trade on a really good P/E ratio!
...and the fact it's a 'media' company of sorts - and these seem to be completely ignored at the moment, due to Channel 7, 9 and Fairfax issues.
Thoughts anyone?
wow, so cheap
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