Ann: Trading Update, page-3

Hello. I posed in Post #: 67211037 RPM had/has an inventory & cashflow problem, probably due to unpredictable supply issues due to Covid. Today's announcement says RPM have reduced inventory by $2.5M, improved cash flow and expect improved inventory levels in the FY24 financial year. This is exactly the progress they needed to make. I was a buyer this morning although the heavy selling remains interesting. Good luck. Factoring in $3.6M for depreciation and $2.4M for interest expense and 30% for tax, I guess 2.0 cents EPS for FY23. Ignoring surprises, if this 2.0 cents EPS can be achieved RPM can return to 20 cents in August, which is a 100% gain from today. Good luck.

$11.25M EBITDA less $6.0M IDA less $1.575M tax = $3.675M NPAT divided by 185M shares = 2.0 EPS

https://hotcopper.com.au/threads/ann-change-of-directors-interest-notice.7265497/page-8?post_id=67211037