Results are close to forecasts at time of AGM.
Forecast Actual
Revenue $17.1m $18.1m
Gross Profit $4.23m $3.92m
EBITDA $0.92m $0.81m
Profit before tax $0.72m $0.65m
Revenue was slightly higher, but the profit margin fell. In addition the second half of the year was worse than the first half. Revenue fell from $9.25m to $8.85m and net profit before tax from $0.39m to $0.26m and the business was only cash break even in the last quarter. They have got someone in Adelaide not earning revenue and two new managers to replace Boardman so potentially they are spending to build business by pushing up overheads. They have also put in tender for major oil and gas contract and are looking at acquisition. Cash and receivables are comfortable, but not growing.
They need new contracts or an acquisition to justify a rerating and they need to sort out the dispute with Boardman. It is hard to justify a much higher share price on this result, given the deterioration in the second half and as they are now paying company tax if I understand the quarterly right.
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Last
0.5¢ |
Change
-0.001(16.7%) |
Mkt cap ! $990.4K |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $612 | 122.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 2377700 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 394804 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 2377700 | 0.005 |
3 | 3070000 | 0.004 |
2 | 4000000 | 0.003 |
3 | 3600999 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 394804 | 1 |
0.007 | 450000 | 2 |
0.008 | 2000000 | 1 |
0.009 | 3419744 | 2 |
0.013 | 500000 | 1 |
Last trade - 11.01am 21/07/2025 (20 minute delay) ? |
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