MWY 3.57% 72.5¢ midway limited

Ann: Investor Presentation, page-6

  1. 34,916 Posts.
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    Yes well I thought I bought well at $2.60 a few months ago. $10mil difference in significant items compared to the previous equivalent half is what really shot them in the foot. Raw revenue was only 1% down but operating costs were significantly higher by 7.6%. Doesn't really explain why operating costs were so much higher. Any ideas? Sales revenue for 2nd half 2019 was much higher than 1st half so they'd be in a bit of trouble if 2nd half 2020 wasn't tracking a lot higher than 1st half. One thing for certain, dividend is going to be slashed this year as last year NPAT was $26.2mill. This year at the half way mark it's $1mill. The massive fall in share price makes sense.
 
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