DSK 2.94% $1.16 dusk group limited

Ann: FY24 Trading Update, page-59

  1. 35 Posts.
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    DSK share has done well in such a short time. I've just discovered it today.

    The decline in pro-forma EBIT to $6.2M FY24 vs $16.5M FY23 looked like a big concern.
    But FCF was a solid $25M FY24, about $4M higher than FY23.

    With Net Cash $20M, this share looks cheap based on FCF numbers instead of pro-forma EBIT, Operating Income and Revenue (Gross Margin held up well).

    My first look at the falling EBIT in DSK's presentation would have raised a big concern, but FCF was solid.

    Can anyone here please share the catalysts why DSK has done well here? Is it the FCF?

    Thanks
 
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