LYL 1.67% $14.04 lycopodium limited

Ann: 2011/12 Results , page-2

  1. 5,227 Posts.
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    Initial thoughts on LYL result

    NPAT profit margin 9.4% - ok – but a bit down from last year

    Dividend Payout ratio is 57%

    No outlook statement till Feb – I do not think the market liked that

    There appears to be some receipt and payment time lengthening – receivables grew $13m and payables grew $10m

    Cash flow was affected by tax payment timings ($2.3m in 2011 vs $13.7m in 2012), so although cash flow grew by $11m from operating activities, net cash grew only $1.9m

    Revenue growth for LYL was entirely due to the top 3 customers in the minerals segment. All the other parts of the business, when added up had flat revenue.

    Comments?

    HT1
 
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