A tip from someone in the industry. The cost pressures are not abating and it will get significantly worse in FY23. Because costs have really only started to go up in 2H FY22 (Jan-22 onward), the initial shock came from fuel price, energy costs. Now the costs are moving through into contractor rates, labour costs and wages, and all the other stuff that require contract renewal.
This company is not alone in feeling the cost pressures, but the main point should be the company's share price is way above value at this point given the poor individual performance. Company is definitely not making the profits to justify its $1bil+ market cap. I am keeping watch because I like goldies and this one is a potential turn around play, if the conditions are right. Current company management is not one of them.
DYOR
A tip from someone in the industry. The cost pressures are not...
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Last
$1.82 |
Change
0.010(0.55%) |
Mkt cap ! $1.374B | |||
| Open | High | Low | Value | Volume |
| $1.85 | $1.85 | $1.80 | $26.27M | 14.14M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 227466 | $1.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.83 | 173839 | 7 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| RRL (ASX) Chart |