The big miss is the net profit for 2019 which is now $2-3 million before tax and non-cash items. Newing had 2019 net profit at $6.4 million AFTER depreciation and tax in his last valuation. If I read him right his comparable net profit before tax and depreciation was $7.5 million. We are one third his estimate.
We will not know why until we see the accounts, but I assume not only revenue was lower, but also the gross profit margin.
I am at least encouraged that despite 2019 revenue at $25 million missing the guidance of $27-30 million due to $5 million in revenue moving into 2020, they have left the 2020 guidance unchanged at $50-70 million. Perhaps they ARE getting more conservative with the forecasts.
- Forums
- ASX - By Stock
- PET
- Ann: Business Update
Ann: Business Update, page-35
-
- There are more pages in this discussion • 93 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PET (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.60M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
PET (ASX) Chart |
Day chart unavailable
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online