The place to look beyond the noise is operating cash flow. In this case it is awful, and assets over liabilities in cash is only $12m $3m NPAT before what they call an abnormal is not a business that should be valued at $1 billion , more pain to come in my view.
Business where price discounting is your driver have been very cyclical with no MOAT to protect the oncoming competition.
I could see this stock back to $5 if the half year does not improve and what they call abnormal such as FX losses re appear in future accounts.
Strange past FX gains were not abnormal
The place to look beyond the noise is operating cash flow. In...
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Last
$4.20 |
Change
0.010(0.24%) |
Mkt cap ! $422.0M | |||
| Open | High | Low | Value | Volume |
| $4.21 | $4.21 | $4.17 | $620.7K | 147.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 8818 | $4.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.20 | 2810 | 18 |
View Market Depth
| Last trade - 13.17pm 09/07/2024 (20 minute delay) ? |
| KGN (ASX) Chart |