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72.0¢ advance zinctek limited

Spot on mate. I guess my "messy" point was more what @vestro...

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02/07/18

17:37

Post #: 34089915
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Originally posted by Klogg ↑

Not so sure it's messy. At ~600k NPAT in the first half, they achieved $900k in the 2nd half.... and they expected better.

If you make this $1m for the 2nd half (moving toward what was 'expected'), that's $2m annualised for the year. That's 14 times earnings for a company that can sell any of the product it makes, at a good margin. AND they have ways of doing this, even if they are delayed.

Shorter term, annoying. Longer term, huge potential with the right management (which is now in place).

Some interesting figures:

FY18 (Expected)
Revenue: $6.55m
NPAT: $1.5m

FY17:
Revenue: $4.85m
NPAT: $560k

So an increase of $1.3m in revenue resulted in an increase of $940k in profit. Granted, there are reductions in expenses included in the FY18 figure, and more will be included in FY19. But it does show the operational leverage at play here.
It would be interesting to know what the US manufacturing would do to those numbers.

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Spot on mate. I guess my "messy" point was more what @vestro said. Financial guidance at the end of an announcement titled "Unexpected Delays" with references to expectations that weren't made public.

But yes agree, this business is doing very well.

ANO Price at posting: 48.0¢ Sentiment: Buy Disclosure: Held
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Last 72.0¢		Change 0.000(0.00%)		Mkt cap ! $44.95M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	5850	72.0¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
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1	425	0.705
1	455	0.655
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