Disappointing result to be honest.
The revenue lag they flagged at the end of Fy23 dropping into 1H24 was suppose to be ~$7m, so basically it was a flat period of growth if we strip that out.
The impairment of Banner Oak is a worry and also the magnitude of it, didn't see that coming.
Hopefully they pump the brakes on acquisitions and focus on capital management strategies, a share buyback or M&A is needed for this stock, especially given no franking credits left.
The debt deal they did with soul patts is ridiculous, basically paying 9%.
Hopefully the new board members and new chairmen can breath fresh life into this business
Ann: Appendix 4D and Condensed Interim Financial Report, page-3
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PAC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$10.30 |
Change
0.030(0.29%) |
Mkt cap ! $531.2M | |||
| Open | High | Low | Value | Volume |
| $10.27 | $10.34 | $10.21 | $148.5K | 14.46K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1 | $10.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.33 | 400 | 1 |
View Market Depth
| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| PAC (ASX) Chart |