Good pick up. I get net EBITDA only down around $1 million as a result and so PAT down slightly. In broad terms little changed given the margin of error in forecasts.
Will they make more takeovers to keep growth going? EPS would still be over 7cps even without takeovers.
It is still a cash cow with a high yield. Though cash from operations ($6.7 million) exceeded the dividends ($8.2 million) last year.
ASH Price at posting:
72.0¢ Sentiment: Hold Disclosure: Held
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