This is not a small company by any means, but almost no response from the market (~300k shares traded) despite results being published and confirmation provided that the business is on track to deliver $700m in Revenues and $50m in NPAT (exactly as they communicated in August).
And again not a given by any means....that guidance represents a 15% increase in revenues and a 30% increase in NPAT despite a significant uplift in both FY22 & FY23 where NPAT rose 44% & 38% respectively and the market seems to have missed what has been quite a steady growth story.
Appreciate that this is somewhat in the cyclical mining sector, but given the tailwinds of significant increase in mining of battery materials, it seems that we have a few more years of growth
Ann: 1H FY24 Results Presentation, page-4
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