Gentle reminder: half yearly expected next Wednesday (12/2) I am personally quite excited to see it. Some food (pun intended) for thought below
FY19:
• sold 33,856 hog tonnes of salmon (up 10.3% on FY18) • sold 453 tonnes of prawns, EBITDA of $6.12 per kg totalling $9.1 million revenue • revenue 560.76 million for the year, (326 million H1 19) • $138.7 million dollars of investments • 25% revenue growth from H1 18 to H1 19 • 18 cents dividend • only 5% growth in revenue for H2 • operating cashflow up 104.9% to $89.9 million
FY20:
• production target prawns 2,400 tonnes (platform for 3000 tonnes per annum) • freezing down harvest fish before summer of 19/20 for utilisation in H2 FY20 • expected $156 million in capital projects in both salmon and prawns • roughly 208 million shares currently on offer
Things I'll be looking for:
• can we generate the same growth in revenue as last half year? • can we freeze enough salmon to ensure a better increase in growth in revenue for H2? • are we on track to meet our production target for prawns? note: 1200 tonnes at the same production revenue as last FY would generate $24 million in revenue • are we planning to spend the full $156 million in capital projects? • dividend isn't really a concern to me. a pay out of 9 cents per share ( last two payouts) would mean 18.72 million in dividend payouts. I personally would prefer this to be reinvested into the company at this stage. • would love to see operating cash flow increase again • would like to see continued growth in sales hog tonnage of salmon
Summary:
Ideally the half year results should reflect continued growth and meeting targets for FY20. All DYOR and would any additions would be appreciated