$50M underlying EBITDA isn't great but given they started FY24 slowly, consumer sentiment is hammered and NZ is a mess things could be worse.
I'll be keen to see their inventory and cashflow when they report in August. Expecting net debt to be around $60-70m so probably no dividend.
FY25 might start better though with the AU tax cuts heading into a decent ski season.
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1 | 1500 | 0.335 |
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Price($) | Vol. | No. |
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