I'll do some more digging into these stellar results over the next few days but the following is worth highlighting: - I love that these financial statements dont include proforma adjustments, significant items etc etc. What you see is what you get and what is see is phenomenal growth - It is clear that this business is firing on all cyclinders as they've highlighted that revenues accelerated through the half to the point where they were up 40% in June. This bodes very well for 2022 and suggest they will continue to do well despite COVID lockdowns - Cashflows were strong despite significant working capital investment to support growth. This should give us a nice shock absorber if there is a slowdown as this working capital i vestment will unwind and support robust cash flows - The dividend payment was actually conservative which provides comfort that it can be sustained even if there is a slight slowdown - Training performance wasnt great in H 2, but I suspect this will be more impacted by shutdowns and provides some further upside going forward
Overall, this was a truly stellar result. It went ex div today which explains the decline but this stock is well positioned to continue to make hay while the sun shines.
ASH Price at posting:
53.0¢ Sentiment: Buy Disclosure: Held
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