I have only become a holder in the last 12 months but SNL seems to love underpromising and overdelivering, a great standard modus operandi.
No bells and whistles, no highly paid media spin doctors but a one or two line announcement out of the blue.
No wonder the SP has risen today to A$11.00!
On 25 June 2021, SNL said for FY 21, it would have revenue of $16 million and NPAT of $13.5 million.
On 27 August 2021, SNL said it had targeted 'revenue growth of at least 10 per cent in FY 22'. On the same date, it said the audited accounts for FY 21 showed revenue of A$162.61 million and net profit of $13.85m.
So the new FY 22 prediction is for revenue to grow 16.84 per cent and net profit by 37.18 per cent.
You or esteemed 'HC' contributor madamswer can correct me but this suggests increasing margins and the same for dividends, assuming Directors do not suddenly change the stated dividend payout percentage.
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