I have yet to read the presentation so just a few thoughts from the half yearly accounts.
It's a mixed, perhaps not unexpected, result given inflation and interest rate rises.
On the plus side, it's expanded. Very good to see an increased market share of all Australian motorcycle retail sales.
The company has substantial borrowings so is it exposed to significant additional interest payments?
But it remains profitable, although margins declined. It's no KGN disastrous sob story.
The dividend has been cut from A$0.12 cents per share at the same time in 2022 to A$0.08 this period, a 33 per cent drop. Probably prudent, although grumpy 'Mr Market' may dislike.
I have no experience in the motor vehicle or motorcycle subsectors.
Ann: MTO FY23 Interim Results Presentation, page-2
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