Nuh- sloppy- I got it wrong- lazy and based on a quick look.
Capex is not the issue here- though it will always be an issue.
The issue today is EBIT(A), though DDH gave EBITD(A) previously.
The quoted August guidance from PRN and DDH combined EBIT(A) and EBITDA was $383m-$405m. Guidance now is $310m-$325m. Albeit that DDH used the EBITDA metric- no idea what the difference might be there.
What I do know is that there is a thing called a 'Post Earnings Announcement Drift (PEAD)- that is- that after an earnings announcement the effect on an SP can last for a few months. This means that even if there is a rally of sorts today or in coming days- the announcement may prevail for a while yet.
Something like that.
I may buy back in- but maybe not yet.
Never love a stock. Saying that- I have a lot of respect for the management of stocks in this sector- they do a fantastic job given the ever-present headwinds and they appear to learn from setbacks and position themselves well for all scenarios.
Good luck to all holders.
IMHO DYOR
Nuh- sloppy- I got it wrong- lazy and based on a quick...
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Last
$1.04 |
Change
-0.015(1.42%) |
Mkt cap ! $963.7M | |||
| Open | High | Low | Value | Volume |
| $1.03 | $1.04 | $1.02 | $455.3K | 441.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 44146 | $1.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.04 | 104932 | 21 |
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| Last trade - 11.39am 25/07/2024 (20 minute delay) ? |
| PRN (ASX) Chart |