SEK:ASX is under Algo Engine buy conditions.
Seek announced a strategic refocus with ‘SEEK’ and Investments. Seek will focus on the existing business and Investments, being an investor and business builder, allowing Seek Investments to access third-party capital.
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1H21 result with EBITDA of $246m.
Revenue will likely increase from $1.7bn, (in FY21), to $2bn in FY22, EBIT to increase from $270m to $400m. The forward div yield remains at less than 1% and 50x FY22 PE ratio.
Seek offers terrific growth prospects, but the valuation remains stretched.
