Overall a solid result. They didn't quite make my $4m EBITDA forecast but it looks like the underlying business is performing well and positioned for further growth. Positives for Q2 and beyond are that the construction COVID disruptions are unlikely to be repeated, and profitability of the training business (which is showing excellent top line growth) should improve as COVID disruptions abate. The other Q1 positive was that cashflow generation was solid which helped fund the large dividend during the quarter. Overall, it appears the business is tracking along nicely and I would expect even stronger earnings growth in Q2. Its also nice to see the positive price reaction today - long may it continue.
Ann: Change in substantial holding, page-18
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Last
25.0¢ |
Change
-0.020(7.41%) |
Mkt cap ! $35.99M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 25.0¢ | 23.5¢ | $28.40K | 118.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3114 | 24.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 50000 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| ASH (ASX) Chart |