I read the presentation. And I feel really worried at the free cash flow part, which is the most appealing element I invest in AZJ. AZJ spend a lot on the bulk part this year, yet this part has the lower margin. If we minus the "growth capex" part from the already terrible free cash flow. We have a minus free cash flow this half year, while some people may say there are some one-off items there. Considering this "higher for longer" financial environment and slowly lagged CPI-adjusted income, I don't see AZJ's operation can come back in next two years. I just dumped all my holding today.
Ann: Half Year Results Presentation, page-19
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Last
$3.50 |
Change
-0.020(0.57%) |
Mkt cap ! $6.442B | |||
| Open | High | Low | Value | Volume |
| $3.52 | $3.53 | $3.49 | $26.94M | 7.687M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 21841 | $3.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.52 | 85149 | 10 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| AZJ (ASX) Chart |