Australia's largest stock trading and investment forum Australia's #1 stock forum

Electrification, page-4

First 4 Last

Share
Profile

Follow
geffa9

14,242 Posts.

639

19/07/24

13:08

Post #: 74828463
Share

Originally posted by saintex ↑

Companies in this sector continue to deliver positive news :
- SXE announced other new major orders,
- SKS keeps revising upwards its forecast for FY 24 and just announced its revenue forecast for FY 25, expecting another major increase of its revenues (to 200 m$+ vs 130 m$+ for FY 24), driven by major data center orders,
- Mayfield (MYG), which has been quieter than the others, announced today that they will double their final dividend for FY 24 (to 2 c) and also gave an update for their cash at 30/6/24. Cash at 30/6/24 is 16.3 m$ vs 8.7 m$ at 31/12/23 and 4.9 m$ in June 23.
Based on this element and the dividends they paid in FY 24, we can estimate that Mayfield had another major free cash flow during H2 24 (around 9 m$ vs 6.1 m$ for H1 24 and 6.6 m$ for FY 23).
So MYG has probably a free cash flow around 30 % (at 0.72 $), while they are in a growing sector.

There has been a major increase for the share price of SXE and SKS.
There is no particular reason why Mayfield should continue to underperform the sector, after today's update.

Expand

IPG are also doing well. I will have to take another look at Mayfield.
1 Upvote

0 Great analysis

Reply

Top Stories

SGQ

St George banks $5M from placement to ramp up Araxá Rare Earths Project

RNU

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

Most investors will get this earnings season wrong. Will you?

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

ASE

Astute delivers high-grade lithium hits at Red Mountain

FTL

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

First 4 Last

SPONSORED BY