As indicated by a lot of people here, the stock was really cheap before this update.
But we were missing a sense of earnings bottoming.
Today's update shows that things are improving for them :
- despite a large EBIT decrease during FY 24, once again they seemed to have a rather good free cash flow during H2 (given the level of cash at 30/6/24, free cash flow seemed to have been flat during H2 24 vs H2 23, unless there was some one offs to explain the cash position),
- also good to see that sales are better during H2 (- 5.8 % vs - 9.7 % during H1) while gross margin is broadly flat during the year.
Ann: FY24 Trading Update, page-11
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Last
$1.16 |
Change
-0.025(2.12%) |
Mkt cap ! $71.91M | |||
| Open | High | Low | Value | Volume |
| $1.17 | $1.17 | $1.16 | $36.56K | 31.55K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15006 | $1.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.17 | 1811 | 2 |
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