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1.42%

$9.98 korvest ltd

I'm very happy with this result. The news that the order book...

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lewis59

32 Posts.

2

24/01/23

10:27

Post #: 65846635
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Originally posted by madamswer: ↑

"Results down about $2.5m which is well within guidance previously given ($3m down from PCP) As usual I would expect an overreaction from the market and a drop in SP. Could be a buying opportunity given the outlook stated in the report."

Not sure why you think the stock will be down on this result.
Guidance at the AGM was for DH2022 to be similar to JH2022.

JH2022 NPAT was $4.3m; this result was $4.52m.

So they came in ahead of their internal expectations of 2 months earlier.

And based on guidance for JH2023, -i.e., "similar to DH2022" - the stock is trading on a P/E of around 10x.

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I'm very happy with this result. The news that the order book grew in 1H23 from an already elevated 2H22 ; that Feb 23 price increases will recover margins; and that the infrastructure pipeline for the next 3-5 years remains strong - perhaps a higher PE than 10 is justified.

KOV Price at posting: $8.00 Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last $9.98		Change 0.140(1.42%)		Mkt cap ! $117.2M

Open	High	Low	Value	Volume
$9.84	$10.00	$9.84	$5.466K	547

Buyers (Bids)

No.	Vol.	Price($)
3	1165	$9.84

Sellers (Offers)

Price($)	Vol.	No.
$10.02	810	1

View Market Depth

No.	Vol.	Price($)
3	1165	9.840
1	101	9.830
1	467	9.820
2	3600	9.750
2	921	9.740

Price($)	Vol.	No.
10.020	810	1
10.140	1196	1
10.250	800	1
10.340	250	1
10.350	6103	1

Last trade - 15.59pm 29/08/2024 (20 minute delay)

KOV (ASX) Chart