Assuming half the depreciation and financing costs of the last full year and a tax rate of 30% that gives a PAT of around $2.5 million or 2 cps, compared with $3.5 million for the full 2018-19 year or 2.8cps.
So if they at least repeat this outcome in the second half we earn 4 cps plus any settlement with John Holland.
Do we get a dividend at the half yearly? Depends on cash flow, which may lag given the rapid growth.
VMX Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
