I cant share the excitement here. What this shows is how important the Infotrust acquisition was and the leverage that the Infotrust directors have. Allow me to explain:
Revenue goes from $127 to $125. The Infotrust acquisition in Feb would have contributed approx $2M EBITDA to a group that went from $5.2M (FY23) to $1.6M(FY24)... so, Infotrust stopped the EBITDA loss.
Further, the revenue from Infotrust would have contributed approx $10M to the groups FY24 revenue. That suggests underlying performance of the non-Infotrust group is circa $117M, down 8% pcp.
H1/24 cash and receivables was $15M with payables $16M. In the next few months the Infotrust vendors will be paid $3m, in two tranches.
So, we need to see a bit more detail. However:
The underlying performance of the non-Infotrust group is poor
There is probably another raise coming... or more debt (which I doubt)
I can see why Infotrust were able to get 2 directors on the board and why ST1 paid 9-10x EBITDA.
The group is sitting on a 1% EBITDA margin and heralding revenue growth in 1 division. They need to show us how this group will become cash generating. Otherwise it is small margin revenue and you cant do that for ever.
- Forums
- ASX - By Stock
- ST1
- Ann: Q4 FY2024 Trading Update
Ann: Q4 FY2024 Trading Update, page-5
-
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ST1 (ASX) to my watchlist
(20min delay)
|
|||||
Last
6.5¢ |
Change
-0.001(1.52%) |
Mkt cap ! $88.83M |
Open | High | Low | Value | Volume |
6.6¢ | 6.6¢ | 6.0¢ | $32.32K | 503.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 299898 | 6.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.5¢ | 89000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 299898 | 0.060 |
1 | 10000 | 0.052 |
2 | 238340 | 0.051 |
1 | 10000 | 0.050 |
1 | 200000 | 0.048 |
Price($) | Vol. | No. |
---|---|---|
0.065 | 89000 | 1 |
0.066 | 5100 | 1 |
0.067 | 38144 | 2 |
0.068 | 152906 | 1 |
0.070 | 172058 | 5 |
Last trade - 15.58pm 14/08/2024 (20 minute delay) ? |
Featured News
ST1 (ASX) Chart |