Overall a very good result except for the goodwill impairment... In terms of the impairment, it does feel that management know they paid too much for the Cassons acquisition and are using these COVID times to write it down. It is not like Casson's sales are down. Sales are actually up 7% and while the profit of this division is down, the business took an inventory write-down as well...
Otherwise, everything looks great if you are buying now!
Underlying NPAT of $15.2 million means we are a PE of 7.9x.
Market value is less than book value.
Growing business with MTO taking market share.
Paying a special dividend.
Overall a very good result except for the goodwill impairment......
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Last
$3.53 |
Change
0.080(2.32%) |
Mkt cap ! $260.5M | |||
| Open | High | Low | Value | Volume |
| $3.46 | $3.53 | $3.38 | $463.8K | 133.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1296 | $3.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.53 | 3491 | 1 |
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| Last trade - 16.10pm 30/07/2025 (20 minute delay) ? |
| MTO (ASX) Chart |