Aquisition price $744m and was supposed to generate EBITA of $80m but has only generated $42m annualised for FY22 ($25m x12/7).
I was concerned myself when I read about the purchase of the Auto Pacific Group in the first instance, but I need to see a bit more before I reach the conclusions you have.
When they talked about the potential of APG to generate $80m in EBITA, they did suggest that there would be:
"an expected skew to H2 CY22 (i.e. H1 FY23) to align with new vehicle releases and seasonal demand".
This, together with their comment in the Annual report for 2022 regarding :
" a sharp increase in volatility in new vehicle supply across Q4 significantly impacted APG's revenue"
leaves me hoping for a better 2023.
Their results have always been a little clunky as they are so often cluttered with the inefficiencies linked to a new acquisition, or, in one instance, a sell-off of a division.
When you add COVID lockdowns and supply chain issues to the mix, it becomes hard to evaluate the past in order see the financial future clearly.
I think they've been a solid performer over the years although I too don't quite get the interest in "Water".
I'm prepared to wait a little longer and watch, if for no other reason than the SP is quite low at the moment.
- Forums
- ASX - By Stock
- GUD
- Bottom drawer for awhile with a few others.
Bottom drawer for awhile with a few others., page-8
Featured News
Add GUD (ASX) to my watchlist
|
|||||
Last
$11.08 |
Change
-0.080(0.72%) |
Mkt cap ! $1.561B |
Open | High | Low | Value | Volume |
$11.25 | $11.30 | $11.06 | $2.339M | 210.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 510 | $11.07 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$11.10 | 589 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 938 | 11.060 |
4 | 4012 | 11.050 |
1 | 796 | 11.030 |
1 | 796 | 11.020 |
1 | 1114 | 11.010 |
Price($) | Vol. | No. |
---|---|---|
11.130 | 796 | 1 |
11.140 | 2012 | 3 |
11.160 | 1796 | 2 |
11.170 | 796 | 1 |
11.250 | 2000 | 1 |
Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
Featured News
GUD (ASX) Chart |