Ann: Preliminary Final Report, page-11

First 11 Last

Share
Profile

Follow
SprayandWipe

496 Posts.

22

26/08/18

19:16

Post #: 35190101
Share

Originally posted by madamswer ↑

"22c special dividend thank you very much!"

It's really already your money, which they are saying is surplus to the requirements of the business and which they don't see any value-creating opportunity to deploy.

Don't get me wrong; I'm not complaining. It reflects an element of maturity insofar as the stewardship of shareholder capital goes.

As financial results go, this was another pristine one from this company, with an absolutely flawless set of accounts (which took me just a few minutes to reconcile).

The key result takeaway for me - looking specifically at the second-half performance - was not just the usual strong performance from the Classifieds business (11% Revenue growth and 12% EBITDA growth on JH2017), but the resilience of the General Items business, where Revenue in JH2018 was up 1.9%, and EBITDA was unchanged, after being down 7.1% in the first-half, vs pcp).

At 11x EV/EBITDA, the stock is not ridiculously cheap, but nor is it by any stretch of the imagination overvalued.

Strong HOLD for me.

Expand

@madamswer

I'm interested in understanding and developing my knowledge of "reading" financial accounts and enjoy your posts on the subject. If you wouldn't mind would, you be able to give a few dot points of where you head first and what your looking for when you see a set of results?

Also what tools/ literature have helped you?

Thanks

Last edited by SprayandWipe: 26/08/18

TME Price at posting: $4.81 Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

Bitcoin investors need to know the risks

MDI

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

BHP

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

NIM

Nimy to raise $1.21M to explore 'newsy' WA targets

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

SKS

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

AII

Almonty locks in govt agreement for tungsten oxide plant in South Korea

IMM

Immutep reports strong response rate from immunotherapies treating carcinomas

There are more pages in this discussion • 33 more messages in this thread...

First 11 Last

Add TME (ASX) to my watchlist

Ann: Preliminary Final Report, page-11

Top Stories

Bitcoin investors need to know the risks

Nanocap Middle Island Resources kicks off Barkly copper-gold drill run – a potential IOCG-style NT project

BHP dips as WA nickel suspended after A$6B hit; losses eased by US CPI and forewarning

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Nimy to raise $1.21M to explore 'newsy' WA targets

ASX hits all time high out the gate on Friday trades following bullish US inflation data

Week 27 Wrap: ASX hits all time high; CBA shares' two realities; US inflation hits 3% ahead of China plenum

SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne

Almonty locks in govt agreement for tungsten oxide plant in South Korea

Immutep reports strong response rate from immunotherapies treating carcinomas

Featured News