@Masami, Can I add a few points.
Quite a few of what went wrong in H1 were out of control of the company:
- Polish government proved more difficult than expect to deal with. Appropriate to cut losses and move on.
- US congress not signing spending/delaying agreements which delaying purchase orders.
- Payment delays of Australian contracts.
- Middle East contract withdrawal.
Other issues are management's fault:
- Needed at act faster to bring costs down in line with revenue, once it became clear sales had slowed.
- Poor timing of move to US Ohio office.
- Needed better product understanding and customer requirements.
- Clearer focus on the cash burn.
Having said all that, at current levels, the stock is a buy IMHO. Second half ( June 30 and onwards into 2025) will be significantly better simply on already contracted revenues. $9m in Armor and $11.7m in technology is the base revenue number with several add on in the "pipeline" possibly falling in. A positive EBITDA in H2 could get the full year to breakeven or slightly positive. With any luck, sales of the inventory could lead to an uplift. Inventory alone is $5m higher than the market cap.
- Forums
- ASX - By Stock
- Ann: Half Yearly Report and Accounts
@Masami, Can I add a few points.Quite a few of what went wrong...
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HCL (ASX) to my watchlist
|
|||||
Last
12.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.83M |
Open | High | Low | Value | Volume |
12.5¢ | 12.5¢ | 12.0¢ | $842 | 6.816K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 22417 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.0¢ | 68178 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 22417 | 0.125 |
3 | 122710 | 0.120 |
4 | 242072 | 0.115 |
6 | 49685 | 0.110 |
4 | 156750 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 68178 | 3 |
0.135 | 13088 | 2 |
0.140 | 235910 | 5 |
0.160 | 27142 | 2 |
0.165 | 36911 | 1 |
Last trade - 14.18pm 04/07/2024 (20 minute delay) ? |
Featured News
HCL (ASX) Chart |