I agree, it was a good result, but i think the problem is with the outlook statement:
Worth noting that the company did ~40% revenue growth in year leading up to covid (CY19). So if the company did 85% revenue growth in 1H21 and does ~40% for the full year (worst case, as per their guidance), then that assumes sales growth near flat in 2H.
Given the stock trades on a revenue multiple, flat growth is not good.
SP continues to go down in my view. Liquidity is very low in this stock and there are a lot of bulls who will be questioning their investment thesis today.
Ann: Half Year Results - Investor Presentation, page-8
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Last
$1.00 |
Change
-0.035(3.38%) |
Mkt cap ! $93.95M | |||
| Open | High | Low | Value | Volume |
| $1.05 | $1.05 | $1.00 | $27.91K | 27.29K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 466 | $1.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.01 | 1552 | 1 |
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| Last trade - 16.10pm 13/11/2024 (20 minute delay) ? |
| ABY (ASX) Chart |