Why have you circled the June figures??
What I meant was, they did not produce enough FCF for the half to pay the dividend. They come up almost 2 million short, and its not a great long term plan to be paying out dividends in excess of FCF. As for the financing income, it was less than 3 percent of revenue for the half and that's with insurance and the mechanical protection plans thrown in, so the real revenue from financing could be closer to 1 percent. All things being equal that equates to about 40 grand of FCF coming from the finance division, hardly inspiring. And the finance JV NPAT decreased 16% for the half.
Why have you circled the June figures??What I meant was, they...
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Mkt cap ! $120.3M | |||
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