Good FY24 numbers but challenging FY25 outlook.
FY25 Guidance:
1. Revenue growth of +10% to +14% to A$214-222m (-7% consensus at A$234m), with MP1 focus on accelerating growth through the next 3 years
2. EBITDA growth of +0% to +14% to A$57-65m (-22% consensus at A$78m) with Jun-24 EBITDA being $4.5m, implying $54mnannualised.
3. Capex of $27-30mn (consensus at $35mn).
Happy to hold owing to my $4.63 average. Enough fat in the current holding for the vicissitude of the next 3 years. I will be buying more but it might be a bit premature to do it today. This guidance reflects continuation of profitable efficient growth, while reinvesting in the business to drive long-term growth. Definitely reigning in short term expectations a bit. Bad for those expecting instant re-rate.
Ann: FY24 Full Year Results Announcement, page-27
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$7.32 |
Change
-0.180(2.40%) |
Mkt cap ! $1.172B | |||
| Open | High | Low | Value | Volume |
| $7.53 | $7.58 | $7.31 | $8.462M | 1.140M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1330 | $7.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.38 | 23823 | 3 |
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