Fairly close to what I expected with the $29mil in provisional pricing adjustments really belonging in Q3. They didn't take 50% of Sea Porteus into Q4 as expected - sounds like they've changed the accounting rules on partially loaded shipments as it was at least 40% loaded prior to midnight on 30Jun.
They've started paying corporate tax again so have used all their tax losses but it was only $2mil which doesn't generate enough franking credits to pay a franked dividend. And it looks like the losses are commencing again in Q1 with only limited shipments. Couldn't find a hedging result for Q4 - flat?
Impairments yet to be quantified will push the second half of FY24 into a loss situation but overall they should be able to report a profit for FY24 given the strong first half.
The cash operating costs of $84mil for Q4 were extreme to say the least - the wheels have definitely fallen off here.
- Forums
- ASX - By Stock
- MGX
- Ann: Quarterly Activities Report
Ann: Quarterly Activities Report, page-7
-
- There are more pages in this discussion • 29 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 MGX (ASX) to my watchlist
(20min delay)
|
|||||
Last
32.5¢ |
Change
-0.005(1.52%) |
Mkt cap ! $395.9M |
Open | High | Low | Value | Volume |
34.0¢ | 34.0¢ | 32.0¢ | $462.9K | 1.409M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 96737 | 32.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.0¢ | 79200 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 96737 | 0.325 |
9 | 281246 | 0.320 |
5 | 129403 | 0.315 |
8 | 160089 | 0.310 |
5 | 246300 | 0.305 |
Price($) | Vol. | No. |
---|---|---|
0.330 | 79200 | 2 |
0.335 | 152849 | 5 |
0.340 | 156714 | 4 |
0.345 | 219734 | 6 |
0.350 | 107101 | 6 |
Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
Featured News
MGX (ASX) Chart |