AX1 2.12% $2.31 accent group limited

Ann: FY24 Full Year Investor Presentation, page-24

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    lightbulb Created with Sketch. 59
    thank you for your detailed response. The depreciation and amortization impairment is the single largest impact to the financial numbers. With also note to the interest paid almost double from 5m to almost 10m. Together they add up to almost 20m. The CODB increase looks insignificant compared to these exceptional items. The company mentioned they are adding at least 50 stores. Historically, each stores add about 1 to 2m to the topline, so we are looking at 50 to 100m here. I hopeful.

    The share price is always a leap of faith on the management that there are no other exceptional items not known. Prior to FY24 announcement, the SP has seen a move from a low $1.80s to mid $2.4s. a ~30% movement. Investors had high expectations and we were generally disappointed. Given the rosy dividend and if an insider or sub holder adding would give small retail shareholders some confident.
 
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$2.31
Change
-0.050(2.12%)
Mkt cap ! $1.307B
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2 8993 $2.30
 

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