The only positive of this results are that they have taken their medicine at Bremner ($6m straight off the bottom line) and they have trimmed the sails for tougher trading conditions going forward.
Perhaps the fall of revenue and volume of 10% isn't too bad when compared to the projected 25% drop off in housing starts as stated in the preso.
I'm somewhat more enthusiastic about 2HCY19 and believe they can turn in a $3m NPBT if there are no more write-offs and they continue to save on costs. The finance cost of $2.6m for the half year sure is baffling. It must be tied up with the Trade Finance facilities (letters of credit) of some $24m.
If we are in for tougher times then perhaps CAA can gain market share as competitors struggle - let's go after the 74% of the market we don't presently own. I will hold and wait for 2hcy19 results.
- Forums
- ASX - By Stock
- CAA
- Ann: 2019 Half Year Results Presentation
Ann: 2019 Half Year Results Presentation, page-5
-
-
- There are more pages in this discussion • 3 more messages 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 CAA (ASX) to my watchlist
(20min delay)
|
|||||
Last
$9.55 |
Change
0.020(0.21%) |
Mkt cap ! $164.4M |
Open | High | Low | Value | Volume |
$9.55 | $9.55 | $9.12 | $75.58K | 8.08K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1095 | $9.15 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.59 | 96 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1095 | 9.150 |
1 | 110 | 9.090 |
1 | 1000 | 9.010 |
1 | 75 | 9.000 |
1 | 1000 | 8.900 |
Price($) | Vol. | No. |
---|---|---|
9.590 | 96 | 1 |
9.600 | 2588 | 1 |
9.700 | 374 | 1 |
9.720 | 915 | 1 |
9.800 | 299 | 1 |
Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
Featured News
CAA (ASX) Chart |