With the AGM next week I assume the company will release a trading update any day now. Sales growth should be maintained but expecting profit/cashflow to be flat due to the investment in the USA business not yet generating the returns expected. IMO still 12-18 mths away on seeing the fruits of this investment. Patient investors will be rewarded.
i'm also expecting a significant announcement outside of the trading update. I get the feeling something is brewing but not sure it will be positive or negative.
Trading update expectations
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Last
88.5¢ |
Change
-0.035(3.80%) |
Mkt cap ! $298.0M | |||
| Open | High | Low | Value | Volume |
| 91.5¢ | 91.5¢ | 88.5¢ | $1.994K | 2.218K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5128 | 88.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 90.5¢ | 1000 | 1 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| AGI (ASX) Chart |