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Ann: FY17 Half Year Investor Presentation, page-47

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122 Posts.

10/03/17

07:55

Post #: 23237159
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Originally posted by WR888 ↑

Looking at Slide 26, the load sold is 8.9 TWh. At a FY2017 gross margin outlook of only $3.00/MWh, the Underlying Gross Margin comes to about only 8900000 MWhrs x 3 = 26.7 Mil AUD. This is far from that 40.3 Mil earned in the previous comparative period. Did I get this understanding correct ?

Secondly, back in the FY16 AGM presentation, the board provided a guidance something like 12 cps will again be given for FY17. So,... since for 1H17, they gave 3.5 cps, are they going to give 8.5 cps, or close to this in the 2H17 ? I kinda find it hard to believe they will,... or they are able to,....

Thirdly, looking at Slide 26, the slight change in the outlook for the US Retail business in both Sales and Margin being down by apprx 15% and 10% respectively...while opex outlook is up is a but uneasy too,....but there are these words : Continued operations only. Does this mean things may improve with newer customers coming in ?

Thoughts please...

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You highlight correctly.
No growth in domestic, and margins flat. US business volumes and margins both guided down.
EPW will tell you they lead with great account management. But now that margins are stable there is no growth left, or is it no room left to lead on price so no growth left?

EPW Price at posting: $1.09 Sentiment: None Disclosure: Not Held
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0 Great analysis

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