Over the weekend with my friends we did a vote count on this stock.
Buy = 3 Short = 1 Wait = 6
Margins in this business is very tight and the Capex is ongoing, it still has some safety in valuation for investors. I really don't like maintenance capex trajectory I must say. I'm going to wait for some chart formation now.
Can anyone please explain here this part ? "In FY20, CoS increased by $9.4 million (6%) to $164.5 million partly driven by the associated costs to deliver new contract wins" Contract Wins + IPO + External Labour (6% up)
What about reduced variable expenses? Like how much do they need to spend for contract wins and why so?
