right at the bottom range of guidance hard to see how they get...

right at the bottom range of guidance

hard to see how they get to 36m for FY24 given only 14m in 1H24......another 22m to go:
- Access seems like a hope for dormakaba to restock (and even 1Q24 was only ~3m on a new product)
- Illuminate seems to be ~3m for each 6 mths

So even if we assume the above generates ~5m for 2H, we need another $17m from detect and that seems like a pretty huge mountain to climb.......some hard questions need to be asked of mgmt at the 1H24 results including around their quite ludicrous capital mgmt /dividend policy......i.e. you cannot pay dividends if you don't generate profits AND cashflow