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Hi Sabine,These are my takes.The EBITA FY24 (unaudited) is...

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    Hi Sabine,

    These are my takes.

    The EBITA FY24 (unaudited) is $195m. If we remove the impact of the sale of the SPR shares ($8m to operating EBIT) then the EBITA FY24 would decrease to $187m. Guidance (top of range) was $185m (guidance range was $175m-185m) which still leaves the EBITA FY24 $2m above the top of the guidance range (ie $187m - $185m). Great result!

    The SPR shares were sold in FY24 for $33.002m (56.9m shares x $0.58/share). These shares were valued at $9.964m at 30/6/2023 (or $0.175/share) as shown in the Full Year Statutory Accounts FY23 (Table 3.5). The 'gain' was therefore $23.038m ($33.002m-$9.964m).

    I estimated the cost base of these 56.9m shares at $0.397/share.
    https://hotcopper.com.au/data/attachments/6320/6320417-500cac4f44afbb67970d908e92686f42.jpg

    The FY24 earnings from the sale of the SPR shares would then be $10.413m ie ($0.58-$0.397)x56.9m ... whereas the announcement says $8m was added to operating EBIT. I am not sure why there is a difference!

    There is also CGT to pay (below the EBIT line) of ~$3.124m ($0.58-$0.397)x56.9x30% (no CGT discount available to companies).

    Happy for posters to correct!








 
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