Interesting after-hours trading activity Friday with 1/3 of days trade taking place at 11c.
Another interesting point I found from the half-yearly report is there is no allowance for the scrap revenue. Looking back on previous half-yearly and full-year they are consistent with how they account for scrap revenue at the full-year only. Historically, scrap revenue accounts for approximately 7-8% of Revenue which is a significant total revenue contributor each year - 32M 2018.
Additionally, with Capral shutting down some of their facilities, a significant Occupancy costs reduction is noticed on the half-yearly.
2018 Occupancy cost = 10,169m
2019 Occupancy cost = 1,111m
Finally, the CEO mentions the efficiency improvements from the Capex spent last year starting to be material next qtr. Traditionally, Capex spend has a 3 year ROI, with 10m invested in Capex last year that is another 3m in cost savings each year.
Given the above and the loss they recorded last half-year, one could draw a conclusion that this is likely the bottom and a decent re-rate is coming for Capral over the next 6 months.
Ridiculous MC at these levels.
Congratulations to the buyers who picked up on the short term panic.
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- Ann: 2019 Half Year Results Presentation
Ann: 2019 Half Year Results Presentation, page-8
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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) ? |
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