Revenue was up 25%, costs up, inventory up so some future benefit there. As stated they haven't focused on streamlining costs re recent acquisitions so I see a return to normal NPAT to Revenue ratio. Getting this stock in the $8's would be a marvelous pickup. Some years since its been there with now significantly greater revenues and divisions.
Catch the falling knife, well I did when I saw the announcement and bought at 9.50, so obviously too early, but in the scheme of things a good cost base for future years dividends.
I think the company has not helped itself by paying out 100% of NPAT, at least without say a quarters lag. Sort of setting themselves up for disappointment. The business runs at skinny margins. Income driven Shareholders will have an itchy finger with messing with there divies!
Hopefully a speedy recovery to reasonable levels again.
GLTAH
Ann: Final Dividend Declaration and FY22 Unaudited Results, page-15
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