The statutory numbers paints a negative NPAT number, but when you look under the covers it's profitable right now.
Take the 1H FY24 results just past. Amortisation costs were $1.8m. $1.05m was the amortisation of IP, contracts and software from previous acquisitions. And $0.75m was for capitalised development costs.
The company only capitalised $0.25m of development costs in the half, so $1.55m of the amortisation costs were related to past acquisitions and historically higher levels of capitalised development. One can make the case that EBIT/PBT/NPAT at the current run-rate of the business are understated by $1.55m.
This is how I see the business. It's profitable and free cashflow positive right now. It's only historic items - acquisitions and higher levels of capex - that are painting statutory NPAT into the red.
- Forums
- ASX - By Stock
- AIM
- Ann: 1HFY24 Results Presentation
Ann: 1HFY24 Results Presentation, page-13
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AIM (ASX) to my watchlist
(20min delay)
|
|||||
Last
31.5¢ |
Change
-0.005(1.56%) |
Mkt cap ! $66.82M |
Open | High | Low | Value | Volume |
32.0¢ | 32.5¢ | 31.5¢ | $26.02K | 82.09K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5393 | 32.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
32.5¢ | 37001 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5393 | 0.320 |
1 | 83199 | 0.315 |
4 | 144677 | 0.310 |
3 | 10400 | 0.300 |
1 | 10000 | 0.295 |
Price($) | Vol. | No. |
---|---|---|
0.325 | 37001 | 3 |
0.335 | 19500 | 1 |
0.340 | 35000 | 2 |
0.350 | 129920 | 1 |
0.365 | 60000 | 1 |
Last trade - 12.09pm 28/05/2024 (20 minute delay) ? |
|
|||||
Last
32.5¢ |
  |
Change
-0.005 ( 1.56 %) |
|||
Open | High | Low | Volume | ||
32.0¢ | 32.5¢ | 32.0¢ | 16241 | ||
Last updated 13.50pm 28/05/2024 ? |
Featured News
AIM (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online