No that's wrong. If you read first page of the "Financial Results" section of the investor pres you will see $10m of the $13m went to employees in the field. Hence there won't be a positive EBITDA impact here (i.e. receive $10m in cash revenue and pay out $10m in employee expense). Net benefit is only $3m.
It's trading at 9x FY21F EBITDA which is extremely cheap in this environment. Also you have to be looking at underlying NPAT which is up 67% on last year. Even if you strip out Jobkeeper it's alot.
Only upside from here. Declan stepping in is even better as he was the Founder and CEO not a while ago. Suspect he's not super impressed with big Dave.
Diamond hands from here.
No that's wrong. If you read first page of the "Financial...
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Last
89.5¢ |
Change
-0.035(3.76%) |
Mkt cap ! $93.38M | |||
| Open | High | Low | Value | Volume |
| 94.5¢ | 94.5¢ | 89.0¢ | $406.2K | 446.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11504 | 89.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 93.0¢ | 2460 | 2 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
90.5¢ |
Change
-0.035 ( 2.69 %) |
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| Open | High | Low | Volume | ||
| 93.0¢ | 93.0¢ | 89.0¢ | 48781 | ||
| Last updated 15.51pm 02/05/2024 ? | |||||
| PPE (ASX) Chart |