I think it's got to do with their cost out and footprint reduction program, they re trying to resize the business after the pandemic, presumably because they over invested and over recruited.... this might be the year that gets hit the most given the drastic reduction in covid revenue.
once the cost out program is done and the covid cost overhang ends their net profit looks like it should land in alignment with their revenue and acquisition growth.
Ultimately they should be running in $2 - 2.5b annual ebitda in the medium term.... i.e. trading currently at 5-6 x ebitda. Pretty attractive multiple
Ann: Half Yearly Report and Accounts, page-11
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Last
$26.76 |
Change
0.160(0.60%) |
Mkt cap ! $12.85B | |||
| Open | High | Low | Value | Volume |
| $26.58 | $26.76 | $26.43 | $26.90M | 1.008M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 449 | $26.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $26.76 | 5727 | 2 |
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| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$26.72 |
Change
0.160 ( 0.59 %) |
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| Open | High | Low | Volume | ||
| $26.49 | $26.74 | $26.43 | 93535 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| SHL (ASX) Chart |