This is not a small company by any means, but almost no response from the market (~300k shares traded) despite results being published and confirmation provided that the business is on track to deliver $700m in Revenues and $50m in NPAT (exactly as they communicated in August).
And again not a given by any means....that guidance represents a 15% increase in revenues and a 30% increase in NPAT despite a significant uplift in both FY22 & FY23 where NPAT rose 44% & 38% respectively and the market seems to have missed what has been quite a steady growth story.
Appreciate that this is somewhat in the cyclical mining sector, but given the tailwinds of significant increase in mining of battery materials, it seems that we have a few more years of growth
Ann: 1H FY24 Results Presentation, page-4
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Last
$5.04 |
Change
0.010(0.20%) |
Mkt cap ! $1.015B | |||
| Open | High | Low | Value | Volume |
| $5.19 | $5.19 | $5.04 | $43.76K | 8.608K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1283 | $5.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.04 | 1303 | 6 |
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| Last trade - 10.11am 10/09/2024 (20 minute delay) ? |
| MAD (ASX) Chart |