This is a little disappointing, but not wildly so. First half EBIT down 63% on previous year which was already know, however second half also down 26%. Good to hear that margins have been maintained or slightly higher though. Earnings to be back at 2017 to 2018 levels at approx. 7c per share with a div of 3-3.5c. I wouldn't be surprised if this drifts back lower down to $1 or below until they can show that earnings resumes (which I believe it will) and recession fears abate (which I believe they soon will). Still, I am holding because I think this company still presents long term value at this price and this is not a trading stock for me, however I will certainly be keeping an eye out for opportunity to increase holding.
- Forums
- ASX - By Stock
- Ann: Trading Update
This is a little disappointing, but not wildly so. First half...
-
- There are more pages in this discussion • 27 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 AX1 (ASX) to my watchlist
|
|||||
Last
$1.96 |
Change
0.005(0.26%) |
Mkt cap ! $1.103B |
Open | High | Low | Value | Volume |
$1.96 | $1.99 | $1.95 | $3.822M | 1.955M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3 | $1.96 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.97 | 2673 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3 | 1.960 |
1 | 179 | 1.955 |
1 | 10358 | 1.950 |
3 | 14300 | 1.945 |
13 | 58224 | 1.940 |
Price($) | Vol. | No. |
---|---|---|
1.965 | 2673 | 2 |
1.970 | 8528 | 2 |
1.975 | 8528 | 2 |
1.980 | 11139 | 3 |
1.985 | 3623 | 2 |
Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
Featured News
AX1 (ASX) Chart |