Picked up the following error in the Year 1 & 2 figures for Stage 1 Paints & Coatings ... referenced the before tax rather than the after-tax figure.
Year 1 (which is a financial year) will only have around 6 months of production, since commissioning is in H1 of FY2023 (H1 of FY2023 starts 1 July 2022). That means based on my speculative analysis around $15.3M NPAT for Paints & Coatings in FY2023 and then NPAT for Stage 1 Paints & Coatings starts growing from AUD $30.5M in FY2024. The errors would be offset by the accrued losses ( which reduces the tax that needs to be paid ), however don't have an adjustment for this in the valuation model.
Impact is a reduction in my risked valuation from $0.36 to $0.32.
Ann: Investor Presentation, page-19
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ADN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.7¢ |
Change
0.001(8.33%) |
Mkt cap ! $22.28M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.7¢ | 0.6¢ | $20.77K | 3.091M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 10150082 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 7545882 | 21 |
View Market Depth
| Last trade - 15.46pm 11/11/2024 (20 minute delay) ? |
| ADN (ASX) Chart |