A couple of negatives are:
* Revenue growth of 9% has slowed from previous years (and it includes the acquired Ex-engineering business, so only 3.5% organic revenue growth).
* Cashflow generation continues to be weak as the inventory is being built up.
But the positives are:
* Management continue to guide to some major projects in 2H24 which should see strong organic revenue growth resume (inventory build corroborates this).
* CMI earnings for 5 months of ownership in 2H24 will exceed the acquisition costs yet to be expensed and contribute to 2H24 earnings.
All in all management seem to be steering the company well.
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Ann: H1 FY24 Investor Presentation, page-6
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$4.82 |
Change
0.060(1.26%) |
Mkt cap ! $492.0M |
Open | High | Low | Value | Volume |
$4.77 | $4.83 | $4.73 | $193.5K | 40.48K |
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No. | Vol. | Price($) |
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3 | 568 | $4.81 |
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Price($) | Vol. | No. |
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$4.83 | 1985 | 4 |
View Market Depth
No. | Vol. | Price($) |
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5 | 3960 | 4.800 |
4 | 3169 | 4.790 |
2 | 2632 | 4.780 |
1 | 500 | 4.770 |
Price($) | Vol. | No. |
---|---|---|
4.830 | 2090 | 5 |
4.840 | 2559 | 4 |
4.850 | 7900 | 4 |
4.860 | 500 | 1 |
4.880 | 2349 | 2 |
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