This is a little disappointing, but not wildly so. First half EBIT down 63% on previous year which was already know, however second half also down 26%. Good to hear that margins have been maintained or slightly higher though. Earnings to be back at 2017 to 2018 levels at approx. 7c per share with a div of 3-3.5c. I wouldn't be surprised if this drifts back lower down to $1 or below until they can show that earnings resumes (which I believe it will) and recession fears abate (which I believe they soon will). Still, I am holding because I think this company still presents long term value at this price and this is not a trading stock for me, however I will certainly be keeping an eye out for opportunity to increase holding.
Ann: Trading Update, page-9
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AX1 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.23 |
Change
0.050(2.29%) |
Mkt cap ! $1.255B | |||
| Open | High | Low | Value | Volume |
| $2.19 | $2.28 | $2.18 | $2.798M | 1.251M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9030 | $2.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.23 | 25337 | 1 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| AX1 (ASX) Chart |