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
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Last
$10.45 |
Change
0.110(1.06%) |
Mkt cap ! $538.9M | |||
| Open | High | Low | Value | Volume |
| $10.40 | $10.50 | $10.39 | $569.0K | 54.38K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3 | $10.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.59 | 150 | 1 |
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| Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$10.43 |
Change
0.110 ( 0.90 %) |
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| Open | High | Low | Volume | ||
| $10.40 | $10.50 | $10.39 | 6104 | ||
| Last updated 15.58pm 31/05/2024 ? | |||||
| PAC (ASX) Chart |