Ann: Results Presentation - Full Year Results, page-18

First 18 Last

Share
Profile

Follow
saintex

4,755 Posts.

530

23/08/24

10:26

Post #: 75338943
Share

Originally posted by Klogg: ↑

FWIW - Alf said on the investor call that more important than floor space was the number of clients. More clients is generally higher margin.
He did not go into specifics, but thought it's worth mentioning

Also on the call. He suggested ME float still going ahead. Targeting $50m EBIT for that biz at 13-14x multiple.
If you take mid-point on the multiple (13.5x) and using $50m EBIT (seems high, but I'm using his numbers), you get $675m.
At 30%, SRV should realize ~$200m.

Alf suggested half of the proceeds would come back into Aus and paid out, but that's still up for debate.

Also mentioned that the agreement with the underwriter is in place, corporate structures are good. The accounting team have a big chunk of work ahead of them, but other than that good to float.

Expand

Thanks Klogg.
Really useful.

Yes. Interesting to see that they increased their client base by 10 % in FY 24, which seems to be much more than the increase of floor space.

Did he mention anything about competition ? I remember that he said around 1 year ago that competition was still quite intense.

SRV Price at posting: $4.81 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

BBT

'Clearly superior': Betr doesn't want to accept PointsBet picking Mixi instead

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

ASM

'Encouraging' signs as ASM puts cash-saving options to test at Dubbo drill site

DYL

Much-shorted Oz Uranium stocks enjoying big week – and big price jumps

PH2

Iran, nuclear energy, oil – a revival for hydrogen! Nel ASA, Pure Hydrogen, Plug Power, and Oklo

First 18 Last

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.

(20min delay)
Last $5.55		Change 0.000(0.00%)		Mkt cap ! $550.9M

Open	High	Low	Value	Volume
$5.65	$5.65	$5.55	$31.27K	5.624K

Buyers (Bids)

No.	Vol.	Price($)
1	84	$5.56

Sellers (Offers)

Price($)	Vol.	No.
$5.59	1817	8

View Market Depth

No.	Vol.	Price($)
3	11255	5.550
1	275	5.540
4	3438	5.530
2	1687	5.520
2	368	5.510

Price($)	Vol.	No.
5.580	992	5
5.590	1112	6
5.600	412	2
5.610	275	1
5.620	108	1

Last trade - 11.51am 17/06/2025 (20 minute delay)

SRV (ASX) Chart

Ann: Results Presentation - Full Year Results, page-18

'Clearly superior': Betr doesn't want to accept PointsBet picking Mixi instead

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

'Encouraging' signs as ASM puts cash-saving options to test at Dubbo drill site

Much-shorted Oz Uranium stocks enjoying big week – and big price jumps

Iran, nuclear energy, oil – a revival for hydrogen! Nel ASA, Pure Hydrogen, Plug Power, and Oklo

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Results Presentation - Full Year Results, page-18

Top Stories

'Clearly superior': Betr doesn't want to accept PointsBet picking Mixi instead

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

'Encouraging' signs as ASM puts cash-saving options to test at Dubbo drill site

Much-shorted Oz Uranium stocks enjoying big week – and big price jumps

Iran, nuclear energy, oil – a revival for hydrogen! Nel ASA, Pure Hydrogen, Plug Power, and Oklo

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News