To be honest, I don't see anything concrete in this trading update that suggests anything other than "business as usual". They quote an increase Y on Y of 35% for a 5 month period July-Nov, but last quarter they reported 40% Y on Y for just Q1. The numbers are suggesting to me a ~30% increase Y on Y for Q2, which is good, but simply following trend. The new "pipeline" of work sounds great, but is not yet showing up in the turnover. Personally, I'd like to see firm evidence that the gross margins are increasing significantly before I get excited.
All IMHO, DYOR
- Forums
- ASX - By Stock
- TNT
- Ann: State Library Queensland Contract & General Trading Update
Ann: State Library Queensland Contract & General Trading Update, page-11
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TNT (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online