I take this as preconditioning the market for another substantial write down associated with prepayments for bulk purchases of parts for superseded models which now have to be written off.
NPAT of $300k in the first half after writing off $570k
NPAT of $700K to $1m the second half after writing off $?m
A slow climb associated with clearing all the dead wood out of the balance sheet. Good management will do that.
If the market opens at 28.5c on this news it will go ballistic following first half 2020.
Ann: FY2019 Earnings Guidance, page-12
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Last
14.0¢ |
Change
0.005(3.70%) |
Mkt cap ! $58.54M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.0¢ | 13.5¢ | $6.138K | 44.02K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 130780 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 77344 | 4 |
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| Last trade - 12.25pm 24/07/2024 (20 minute delay) ? |
| VMT (ASX) Chart |