I have just listened to the webcast and had a good read of the financials. My takeaways are as follows
1. ASX has a 57% NPAT margin and a 77% EBITDA margin. These are outstanding numbers. I am not aware of any other business in Aust with margins like this.
2. Revenue grew more than expenses (widening jaws)
3. Profit grew less than revenue due to increased D & A
4. Revenue growth occurred in every revenue category PCP (OTC shrunk H2 last year verses H1 this year)
5. Expenses growth is still forecast to be 4% as some labor costs get capitalised in H2.
6. CAPEX guidance has not changed.
7. Major upgrade of IT systems will be undertaken within the $40 to $50m per annum CAPEX spend.
8. CFR (Council of Financial Regulators) will make a decision on clearing market structure and whether there should be competition to the ASX. The CEO said that with a 10 to 12% ROC in this business, there are no monopoly rents. CHI-X use the facility for free.
My summary
A good well run business that is well capitalised.
HT1
- Forums
- ASX - By Stock
- ASX
- Ann: Half-Year Results Presentation
Ann: Half-Year Results Presentation, page-5
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ASX (ASX) to my watchlist
(20min delay)
|
|||||
Last
$64.66 |
Change
1.105(1.74%) |
Mkt cap ! $12.49B |
Open | High | Low | Value | Volume |
$64.22 | $64.80 | $63.93 | $6.138M | 95.32K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 41 | $64.64 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$64.67 | 78 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 50 | 64.780 |
4 | 140 | 64.770 |
4 | 94 | 64.760 |
2 | 27 | 64.750 |
6 | 179 | 64.740 |
Price($) | Vol. | No. |
---|---|---|
64.800 | 130 | 5 |
64.810 | 25 | 1 |
64.820 | 101 | 2 |
64.830 | 25 | 1 |
64.840 | 68 | 2 |
Last trade - 11.45am 10/09/2024 (20 minute delay) ? |
Featured News
ASX (ASX) Chart |