@Swage_17Hi Swage_17,
I have also been having a look at DDR and trying to extrapolate a likely result for 2023.
It certainly isn't hard to come up with an EPS of around 50c with some :
- Continuing growth in revenue ( I agree more subdued than the past year);
- Slight GP% margin improvement; and
- Containment of costs.
As management have indicated, 2022 has been a year of bedding down the acquisitions. For instance with Hills, the turnover in FY 2021 was $123 mill and in the 8mths included in the 2022 result it was $73.3 mill, so if you simply extrapolate for a full year, you would get $110 mill, so it hasn't grown yet, but they have probably now got it ready for growth in 2023.
With that bedding down work now done with Hills and Exceed, you would think that management can now turn their effort into extracting more revenue and GP% from these businesses and the cost containment will flow from the work done in 2022.
DYOR
(20min delay)