Forum pretty quiet last couple of weeks. Supports argument that PPH still very much ‘under the radar’.
Well, the big day arrives and I look forward to the podcast in the morning. My expectations centre around the Gross Margin % for H2 FY2019 and, specifically, what contributed to the improvement H2 vs H1 (sustainable or one-off). Then to what extent are we EBITDA positive and what is covered within the NPAT calc. Also, extent of Cost containment vs growth ( as %’s) and of course, OUTLOOK for FY 20. Will also be looking at anything unusual on Tax and impacts of weak AUD.
Turning to the narrative, any signal on acquisitions (as confirmation) for FY20 will serve as the cream.
Was hoping to get to a SP of AUD 3.75 pre results ( after IMO relentless broker managed selling / placement over several weeks), but that only serves as the platform for what’s to come.
All shall be revealed.
Rokewa
PPH Price at posting:
$3.60 Sentiment: Buy Disclosure: Held
