Joewolf,
The risk on this has not changed in the slightest.
Having said that the underlying electrical business is trading well. If you can strip out the one-offs ie redundancy and the cost of the buyback and changes associated to the investment company status the results were much better than prior year. ie Revenue up +8.7%
Cash is still strong and cash backing (including investments) is > $0.72/share
Underlying EBITDA of the electrical business is around $5m (if not more which would value it > $25m or > $0.80/share
Full year dividends total $0.06/share equivalent to prior year (currently a 5.5% yield net of Franking credits)
If you listen to the press the mining cycle is picking up which will result in better revenues going forward.
The question I have to ask is why is Leanne becoming an Executive Director?
Ann: Appendix 4E and FY2017 Financial Statements, page-3
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Last
$3.00 |
Change
0.040(1.35%) |
Mkt cap ! $86.98M | |||
| Open | High | Low | Value | Volume |
| $2.96 | $3.00 | $2.96 | $14.35K | 4.819K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 315 | $3.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.15 | 1226 | 1 |
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| Last trade - 13.12pm 14/06/2024 (20 minute delay) ? |
| ECL (ASX) Chart |