Yeah! I'm not sure the headline grabbing FY21 +50% is as good as it sounds - particularly when you take into consideration the extra 44m shares issued on 1st July - from my take, the register now has 277.846m shares with 10m unlisted options.
So the underlying NPATA for FY21 was $8.7m with a non cash amortization charge of $1.5m giving us a stat NPAT of $7.2m (rounded)
There will be another $1.5m amortization charge this year (FY22) as well.
Let's work this through
NPATA of $8.7m x 1.5 = $13m less the amortization of $1.5m = stat FY22 NPAT of $11.5m or an eps of 4.14c and i would suggest a 3c divvy which grosses to 4.28c
Sure, a bit of cost shaving for interest and the like and this might improve slightly.
But I'm a holder/supporter of EPY, its product and its business model. I think there is further growth to come and very likely corporate action.
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Open | High | Low | Value | Volume |
18.5¢ | 18.5¢ | 18.0¢ | $35.48K | 194.5K |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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4 | 82180 | 0.170 |
1 | 6250 | 0.160 |
1 | 19000 | 0.155 |
1 | 30000 | 0.100 |
Price($) | Vol. | No. |
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0.185 | 21579 | 1 |
0.190 | 52708 | 2 |
0.200 | 256638 | 2 |
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