Solid buying at 48 cents.
I thought the result was as expected. Pleasantly surprised by the 2cents dividend as I was only expecting 1 cent. The cash flow has been strong and if one backs out the one-off inventory write-down then I think the EPS was quite good and the extra 1 cent div justified. I listened to the call and noted they have a "breakthrough" new product to announce soon. Whilst they sat on the fence regarding near term outlook, (a more definitive outlook to be provided at the AGM) the investment in capability in the US all sounds very positive for the longer term. There was even some positive sales data for Q4 for MENA and Eurasia. So I'm happy to hold.
Solid buying at 48 cents. I thought the result was as expected....
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Last
12.5¢ |
Change
0.005(4.17%) |
Mkt cap ! $35.50M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 12.0¢ | $14.42K | 119.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 27724 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| GAP (ASX) Chart |