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
$9.15 |
Change
-0.050(0.54%) |
Mkt cap ! $159.6M |
Open | High | Low | Value | Volume |
$9.30 | $9.30 | $9.03 | $258.0K | 28.20K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 80 | $9.06 |
Sellers (Offers)
Price($) | Vol. | No. |
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$9.15 | 234 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 900 | 9.010 |
2 | 1103 | 9.000 |
1 | 200 | 8.950 |
1 | 112 | 8.900 |
1 | 114 | 8.780 |
Price($) | Vol. | No. |
---|---|---|
9.150 | 234 | 1 |
9.300 | 9228 | 1 |
9.400 | 8450 | 2 |
9.450 | 1100 | 1 |
9.700 | 135 | 1 |
Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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Last
$9.12 |
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Change
-0.050 ( 0.55 %) |
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Open | High | Low | Volume | ||
$9.19 | $9.20 | $9.03 | 6025 | ||
Last updated 15.56pm 07/06/2024 ? |
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