Headline numbers do not look flash, but there are a few items of details that suggest that the result may not be as bad as first thought:
- 18% increase in operating cash flows, with EBITDA conversion of over 100%.This would have been materially higher if not for the timing of settlement of balance owing from the sub contractor in ECM
- Increase in subscription billing to 61%.
- Satisfactory performance in all business units except for Trapeze - with changes sales models being evaluated
- FY19 outlook likely to deliver significant margin expansion
I think that this may provide an opportunity to buy into a well run business that has shown over time the ability to continue to deliver shareholder value.
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Ann: FY2018 Trading Update, page-2
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Last
$12.84 |
Change
-0.040(0.31%) |
Mkt cap ! $1.222B |
Open | High | Low | Value | Volume |
$13.00 | $13.06 | $12.68 | $229.9K | 17.87K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 98 | $12.75 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$12.85 | 98 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 235 | 12.500 |
1 | 1000 | 12.410 |
1 | 1200 | 12.400 |
1 | 75 | 12.210 |
1 | 166 | 12.050 |
Price($) | Vol. | No. |
---|---|---|
12.950 | 1797 | 1 |
13.030 | 2000 | 1 |
13.080 | 313 | 1 |
13.100 | 538 | 2 |
13.110 | 1500 | 1 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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