Possibly - shorters appear on the money on this one unfortunately. For a company that put out no less than 9 'price sensitive' announcements in the 2HCY2020 - this is a poor result. Better keeping the investor communications factual, rather than trying to pump equity markets with spin.
Hopefully post the Covid disruption of 2020 they can start to see a strong uptick in revenue into 2021 leading into a turnaround in operating cash flow performance. The delay in Q4 revenue recognition (~$20m) as well as poor opCF ($120m) having been flagged in late December. Notwithstanding, having withdrawn 2020 EBIT 'in the range of $20-30 million' as late as 21 December, to then provide an EBIT loss of $28.5million suggests they have no internal controls or simply don't know what they are doing. That is an absolute shocker.
Hard to justify a $20m (57%) increase in employee benefit expenses on the back of these results...
EOS Charts, page-1658
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Last
$1.92 |
Change
0.085(4.63%) |
Mkt cap ! $370.4M |
Open | High | Low | Value | Volume |
$1.83 | $1.95 | $1.79 | $2.533M | 1.334M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 42568 | $1.90 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.92 | 3374 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 32568 | 1.900 |
1 | 1000 | 1.895 |
1 | 7992 | 1.890 |
2 | 4620 | 1.880 |
1 | 8001 | 1.870 |
Price($) | Vol. | No. |
---|---|---|
1.920 | 3374 | 2 |
1.925 | 4789 | 1 |
1.940 | 3555 | 1 |
1.945 | 6369 | 2 |
1.950 | 80223 | 5 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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