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2.11%

$8.80 korvest ltd

Couldn't agree more. Great result even meritorious, given the...

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PortfolioPlus

4,252 Posts.

354

22/01/24

16:21

Post #: 72004720
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Originally posted by madamswer: ↑

Another metronome-like result in terms of cleanliness and accounting conservativeness.

Good working capital management and further improvement in gross profit margin (which suggests meaningful pricing power being exercised, given the input cost pressures being experienced).

Only possible brickbat is the somewhat parsimonious dividend that has been declared, with the payout ratio falling to 51%, down from 65% in pcp), but it is obviously to provide a capital buffer for the "ongoing development of the Kilburn site."

So, no quibble then, given I'm sure the capital being invested in the site will deliver continued >20% ROCE.

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Couldn't agree more. Great result even meritorious, given the fewer major jobs in EZiStrut replaced by small jobbing projects. Previos report spoke about automation reducing CODB, but no back up comment this time around - but all good in the light of rising wages and other cost scenarios.

KOV Price at posting: $8.54 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $8.80		Change -0.190(2.11%)		Mkt cap ! $102.7M

Open	High	Low	Value	Volume
$8.99	$9.00	$8.75	$226.6K	25.54K

Buyers (Bids)

No.	Vol.	Price($)
1	40	$8.81

Sellers (Offers)

Price($)	Vol.	No.
$8.88	350	1

View Market Depth

No.	Vol.	Price($)
1	2426	8.800
1	2698	8.750
3	1274	8.730
1	200	8.700
1	1400	8.600

Price($)	Vol.	No.
8.880	350	1
8.900	767	1
8.940	140	1
8.950	1673	1
9.040	1000	1

Last trade - 15.54pm 14/06/2024 (20 minute delay)

KOV (ASX) Chart