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.
This is a little disappointing, but not wildly so. First half...
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Last
$1.86 |
Change
-0.025(1.33%) |
Mkt cap ! $1.044B | |||
| Open | High | Low | Value | Volume |
| $1.88 | $1.88 | $1.86 | $1.127M | 605.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 57372 | $1.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.87 | 5557 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| AX1 (ASX) Chart |