Really curious to see the results tomorrow.
My 2 main questions :
- pricing impact during H2 21 ?
- level of confidence for FY 22 ?
1/ Pricing impact for H2 21
During H1 21, Capral had an increase of around 10 m for its trading EBITDA vs H1 20.
Only 1.5 m of this improvement came from pricing/mix effect (rest mainly came from volume and operating leverage).
During H2 21, I expect a higher impact from pricing/mix effect, at least to pass the increase of aluminium prices.
3 elements were expected to support price increase :
- Capral is now working at full capacity,
- strong market conditions overall for building materials,
- less competition from imports.
2/ Level of confidence for FY 22
In its December 21 release, Capral was still optimistic for H1 22, despite a cautious estimate for residential construction (cf their H1 2021 presentation).
Their dividend 21 (to be announced tomorrow) will probably be a good indication for their expectation of recurring profit going forward.
Also interesting to know if they will indicate any further cash utilization (they had 33.8 m of net cash at the end of H1 FY 21).
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- Ann: FY21 Results and Conference Call
Ann: FY21 Results and Conference Call, page-5
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Last
$9.90 |
Change
0.130(1.33%) |
Mkt cap ! $171.7M |
Open | High | Low | Value | Volume |
$9.65 | $9.90 | $9.65 | $405.0K | 41.11K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 646 | $9.90 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.99 | 2000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 9.150 |
1 | 1000 | 9.010 |
1 | 3220 | 9.000 |
2 | 6200 | 8.900 |
1 | 1000 | 8.850 |
Price($) | Vol. | No. |
---|---|---|
9.990 | 2000 | 1 |
10.100 | 1400 | 1 |
10.250 | 615 | 1 |
10.280 | 1000 | 1 |
10.460 | 1049 | 1 |
Last trade - 15.59pm 27/09/2024 (20 minute delay) ? |
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