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$1.16 trajan group holdings limited

Ann: H1 FY24 Financial Results Release, page-5

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reecevan

266 Posts.

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27/02/24

10:21

Post #: 72613713
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Originally posted by keithdav: ↑

Yes you certainly got that one right. I didn't, although I refrained from going "all in"

Having spent a bit more time digesting the result, I am probably a little less disappointed than I was initially. It looks as though their costs were a little bloated following the recent acquisitions, and they have used this quiet period to reduce headcount and increase automation. A rebound in demand, combined with a reduction in costs, should make the numbers next half look quite a bit better. As they say in the release it will "largely rely on our ability to execute operationally".

I'm guessing that there won't be any new acquisitions for a while. Good opportunity for management to continue sorting out the existing businesses.

I still believe that the medium - long term prospects for TRJ are likely to be good. It is still cheap (and likely to get cheaper in the short term). The investment case is not broken

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I listen to the call and he was really adamant that there will be no acquisitions as he wants to lower the debt levels and doesnt want to raise capital at these levels. He noted that they have 10m worth of property from recent acquisitions. So i assume they are looking at selling these. They really do need to pay down some of the debt ASAP

TRJ Price at posting: $1.05 Sentiment: None Disclosure: Not Held
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