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
$6.45 |
Change
-0.130(1.98%) |
Mkt cap ! $1.29B | |||
| Open | High | Low | Value | Volume |
| $6.76 | $6.76 | $6.43 | $576.8K | 88.41K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5469 | $6.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.48 | 211 | 1 |
View Market Depth
| Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
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Last
$6.45 |
Change
-0.130 ( 2.47 %) |
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| Open | High | Low | Volume | ||
| $6.60 | $6.69 | $6.43 | 155620 | ||
| Last updated 15.59pm 29/05/2024 ? | |||||
| MAD (ASX) Chart |