Whichever way you dress it up this is a poor result and market has reacted accordingly.
In my view, costs associated with due diligence, acquisitions and tendering, are all part of carrying on and growing the business:
Key takeaways for me:
- EPS 7.41 down from 10.92 PCP
- Expenses increased 10%. Direct wages (which make up 53% of expenditures) increased 13%.
- Guidance maintained but with a 'skew to the second half'. Given the shorting activity on the day of announcement many professional investors don't believe this and are betting on share price falling further.
- Target leverage not expected to be achieved until 30 June 2026
- Still no details of the contract terms for Clint Feuerherdt's retention in a part time role as a strategic advisor.
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Last
$3.18 |
Change
0.030(0.95%) |
Mkt cap ! $859.4M | |||
| Open | High | Low | Value | Volume |
| $3.15 | $3.19 | $3.12 | $325.9K | 103.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 782 | $3.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.20 | 4534 | 20 |
View Market Depth
| Last trade - 11.40am 16/06/2025 (20 minute delay) ? |
| KLS (ASX) Chart |