ADA 4.04% 47.5¢ adacel technologies limited

Ann: H1 FY2018 Results Announcement, page-7

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,867 Posts.
    lightbulb Created with Sketch. 212
    I'm confused by the 3 fold increase in Tax obligations which has dragged the NPAT into negative territory and hence the lower EPS.
    I'm not great with the structure of Withholding tax & exchange rates etc which is touted as the reason, but it obviously relates to OS earnings which is also why there's no franking attached to the dividend.
    Another point is somehow the increased tax obligations arise, apparently, from the special dividend.
    Again I'm confused.
    Obviously I'm no accountant.

    Not sure where I sit with the 1/2 year although the 2 recent announcements may well push rev's above full year forecasts assuming they weren't included in managements forward guidance.
    The share buy back I guess is good but is it the best use of cash?

    Mmm I remain confused.
    Last edited by MikeRowcap: 23/02/18
 
watchlist Created with Sketch. Add ADA (ASX) to my watchlist
(20min delay)
Last
47.5¢
Change
-0.020(4.04%)
Mkt cap ! $36.25M
Open High Low Value Volume
49.5¢ 50.5¢ 47.5¢ $9.83K 19.58K

Buyers (Bids)

No. Vol. Price($)
2 5899 47.5¢
 

Sellers (Offers)

Price($) Vol. No.
50.5¢ 1087 1
View Market Depth
Last trade - 15.31pm 01/10/2024 (20 minute delay) ?
ADA (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.