The big drop in rev was in the equity markets division.
SSI in particular was almost $13m below PCP, mostly due to them stopping marketing on a few products (which they believe in hindsight was the right choice). It basically meant SSI delivered $0 GP (I get $0.1m, but that's probably a rounding error).
In a few other areas, they actually improved rather drastically:
- Professional Services: $4.1m revenue (down $400k), but GP increased to $3m (up $200k)
- Equity Markets: Revenue basically halved to $20.6m ($40.8m PCP) but GP was $5.9m (vs $8.5m PCP). That's a GM of 28.6%, vs 20.8% pcp
If you can buy that SSI sales can be turned back on, and they'll get back their ~$2.5m from insurance, this is rather cheap...
In fact, looking at how Morrisson's is taking market share - that may justify the majority of EV in itself.
- Forums
- ASX - By Stock
- SEQ
- Ann: Investor Presentation 1H23
Ann: Investor Presentation 1H23, page-5
-
- There are more pages in this discussion • 4 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 SEQ (ASX) to my watchlist
(20min delay)
|
|||||
Last
44.5¢ |
Change
0.015(3.49%) |
Mkt cap ! $55.57M |
Open | High | Low | Value | Volume |
42.5¢ | 45.0¢ | 42.0¢ | $271.9K | 631.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 5606 | 44.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
45.0¢ | 455 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5606 | 0.445 |
1 | 5000 | 0.430 |
1 | 250000 | 0.425 |
2 | 83442 | 0.420 |
1 | 50000 | 0.415 |
Price($) | Vol. | No. |
---|---|---|
0.450 | 455 | 1 |
0.455 | 1082 | 1 |
0.460 | 14917 | 2 |
0.480 | 46632 | 2 |
0.490 | 10000 | 1 |
Last trade - 12.49pm 04/07/2024 (20 minute delay) ? |
Featured News
SEQ (ASX) Chart |