Not great. One of my worst picks from 2020 but a good lesson to cut hard and cut fast as I should have done with the first miss late last year. Assuming telecommunications has bottomed rather than continuing to decline (seems unlikely) and Comdain delivers the 15% revenue increase, and that margins stay the same (and aren't trending down - particularly telco, though I think that unlikely) my estimates have FY21 EBITDA at $88m which is below most expectations I can find.
Posters here have raised very good questions about disclosures from management regarding past issues and it continues today. I may be wrong but while procurement and contracting delays from COVID have been covered in the past, particularly with respect to Comdain, I don't believe the company has made mention of 'shortages of client supplied materials' before.
I think I'm out of this one but it will be a little painful lesson to learn.
Not great. One of my worst picks from 2020 but a good lesson to...
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Last
$1.51 |
Change
-0.015(0.99%) |
Mkt cap ! $927.0M | |||
| Open | High | Low | Value | Volume |
| $1.52 | $1.52 | $1.49 | $632.7K | 421.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7663 | $1.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.51 | 7500 | 1 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| SSM (ASX) Chart |