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0.71%

$63.55 asx limited

It trades below its peers as well.

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JCoure

35,020 Posts.

910

26/02/15

23:16

Post #: 14826595
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Originally posted by Horsetrader1 ↑

I have just listened to the webcast and had a good read of the financials. My takeaways are as follows
1. ASX has a 57% NPAT margin and a 77% EBITDA margin. These are outstanding numbers. I am not aware of any other business in Aust with margins like this.
2. Revenue grew more than expenses (widening jaws)
3. Profit grew less than revenue due to increased D & A
4. Revenue growth occurred in every revenue category PCP (OTC shrunk H2 last year verses H1 this year)
5. Expenses growth is still forecast to be 4% as some labor costs get capitalised in H2.
6. CAPEX guidance has not changed.
7. Major upgrade of IT systems will be undertaken within the $40 to $50m per annum CAPEX spend.
8. CFR (Council of Financial Regulators) will make a decision on clearing market structure and whether there should be competition to the ASX. The CEO said that with a 10 to 12% ROC in this business, there are no monopoly rents. CHI-X use the facility for free.

My summary
A good well run business that is well capitalised.

HT1

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It trades below its peers as well.

ASX Price at posting: $43.74 Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last $63.55		Change 0.450(0.71%)		Mkt cap ! $12.32B

Open	High	Low	Value	Volume
$62.42	$63.70	$62.30	$15.27M	240.7K

Buyers (Bids)

No.	Vol.	Price($)
1	113	$63.51

Sellers (Offers)

Price($)	Vol.	No.
$63.61	7	1

View Market Depth

No.	Vol.	Price($)
1	1	66.150
2	71	65.810
2	19	65.760
1	165	65.010
1	66	64.890

Price($)	Vol.	No.
60.380	233	1
61.110	33	6
61.990	61	1
62.800	1	1
63.850	120	1

Last trade - 16.10pm 09/09/2024 (20 minute delay)

ASX (ASX) Chart