Well shares have been smashed over the past couple of years so I this is just in response to the improvement in SSS in July. Not sure if this is a relief rally or a sustained trend higher?
However, in the bigger picture, I think the margins are woeful. For a retail company turning over $500m, you would hope NPAT would be at least $20-30m.
If this company had slightly more debt, they would be in the red.
Put simply:
Assume $500m sales @ 40% GP margin = $200m GP
$12.5m net profit FY25 forecast (top end) leaves 2.5% NPAT margin
$187.5m in operating costs eats up approx 94% of $GP
Does this give investors enough margin of safety if things take a turn?
Ann: FY24 Results Announcement and trading update, page-5
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Last
$1.66 |
Change
0.133(8.69%) |
Mkt cap ! $222.9M | |||
| Open | High | Low | Value | Volume |
| $1.70 | $1.78 | $1.62 | $2.893M | 1.714M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 633 | $1.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.66 | 6432 | 5 |
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| Last trade - 13.53pm 20/08/2024 (20 minute delay) ? |
| BBN (ASX) Chart |