This is a very strange conclusion...
Management had already forecasted that operating costs in FY2024 would grow at approximately half the amount of the growth in FY2023. In FY2023 operating expenses grew from $132m to $191m (i.e. $59 million). So, Judo were forecasted that operating costs would increase to $220m (i.e. $30 million above FY2023). Their operating costs of $106 million for the 1st half are just less than 50% of the $220 million which is what you would expect. So, in fact, their costs are in line with their forecast (yet again).
Also, their impairments and write-offs were better than expected.
Very strange analysis from Citi.
This is a very strange conclusion...Management had already...
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Last
$1.27 |
Change
0.040(3.27%) |
Mkt cap ! $1.403B | |||
| Open | High | Low | Value | Volume |
| $1.22 | $1.27 | $1.22 | $2.069M | 1.654M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2149 | $1.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 36181 | 2 |
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| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
$1.26 |
Change
0.040 ( 2.69 %) |
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| Open | High | Low | Volume | ||
| $1.24 | $1.27 | $1.22 | 371108 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| JDO (ASX) Chart |