VH Might help to read the annual report I) D&A was actually $5m...

  1. 230 Posts.
    lightbulb Created with Sketch. 11
    VH
    Might help to read the annual report
    I) D&A was actually $5m . Total balance of P&E at June 15 was 9.8m. Suspect next years D&A will be negligible
    ii) Debt outstanding was $16m. Cash at bank was $59m. Interest on the debt is going to be max 0.8m and some reasonable working capital management will eliminate the interest, so EBT will be larger than EBIT.
    iii) Who knows what unallocated costs are. Given it is now an AUD/NZ and the bulk of the legals/investment banking costs are not recurring, you could reasonably expect them to be much lower
    iv). Can't see any evidence of factoring of receivables
    v) Margins stable at c3.6% and given it is now a low growth, low margin, limited competition sector, you can reasonably presume this to continue
    vi) Assuming flat/slightly negative revenue, its hard to see EBIT/EBT/NPAT much less than $15m before costs previously in the unallocated sector
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.