Good FY24 numbers but challenging FY25 outlook.
FY25 Guidance:
1. Revenue growth of +10% to +14% to A$214-222m (-7% consensus at A$234m), with MP1 focus on accelerating growth through the next 3 years
2. EBITDA growth of +0% to +14% to A$57-65m (-22% consensus at A$78m) with Jun-24 EBITDA being $4.5m, implying $54mnannualised.
3. Capex of $27-30mn (consensus at $35mn).
Happy to hold owing to my $4.63 average. Enough fat in the current holding for the vicissitude of the next 3 years. I will be buying more but it might be a bit premature to do it today. This guidance reflects continuation of profitable efficient growth, while reinvesting in the business to drive long-term growth. Definitely reigning in short term expectations a bit. Bad for those expecting instant re-rate.
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- Ann: FY24 Full Year Results Announcement
Ann: FY24 Full Year Results Announcement, page-27
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Last
$7.45 |
Change
0.140(1.92%) |
Mkt cap ! $1.176B |
Open | High | Low | Value | Volume |
$7.25 | $7.49 | $7.25 | $3.278M | 443.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 2992 | $7.43 |
Sellers (Offers)
Price($) | Vol. | No. |
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$7.45 | 4276 | 7 |
View Market Depth
No. | Vol. | Price($) |
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20 | 943 | 7.420 |
16 | 2791 | 7.410 |
12 | 6443 | 7.400 |
8 | 10386 | 7.390 |
6 | 3727 | 7.380 |
Price($) | Vol. | No. |
---|---|---|
7.430 | 3039 | 18 |
7.440 | 4748 | 15 |
7.450 | 6231 | 10 |
7.460 | 8365 | 9 |
7.470 | 6095 | 6 |
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