I think this is a very solid result, considering the new acquisitions gaining a footing (& therefore impacting Q3 profit bottom line), future profits will come IMHO. Key take outs for me are; "Access to stock continues to impede closed revenue across Australia and New Zealand, with backorders now in thevicinity of $390M, however, the market is showing continual signs of improvement. The Company expects the supplyconstraints experienced over the last two years to ease by the third quarter of 2023.".... Price will balloon then IMO & "The Company’s outlook for Q422 is buoyant, with demand across the technologies represented remaining strong." & "The cost of the build has been confirmed at $12m, and with the site preparation and fit out total warehouseexpansion could cost up to $15m, which is below the initially anticipated amount. Surplus funds from the capital raisewill be used to increase balance sheet flexibility and to support the Company’s long-term growth objectives."
Well done! & GLTAH
DDR Price at posting:
$10.77 Sentiment: Buy Disclosure: Held
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