This is a very strange conclusion...
Management had already forecasted that operating costs in FY2024 would grow at approximately half the amount of the growth in FY2023. In FY2023 operating expenses grew from $132m to $191m (i.e. $59 million). So, Judo were forecasted that operating costs would increase to $220m (i.e. $30 million above FY2023). Their operating costs of $106 million for the 1st half are just less than 50% of the $220 million which is what you would expect. So, in fact, their costs are in line with their forecast (yet again).
Also, their impairments and write-offs were better than expected.
Very strange analysis from Citi.
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Citibank Cuts JDO to Sell, page-16
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Last
$1.40 |
Change
0.018(1.27%) |
Mkt cap ! $1.539B |
Open | High | Low | Value | Volume |
$1.40 | $1.41 | $1.38 | $880.3K | 630.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 39182 | $1.40 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.40 | 83284 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 34192 | 1.395 |
12 | 60109 | 1.390 |
12 | 41074 | 1.385 |
12 | 106798 | 1.380 |
5 | 14144 | 1.375 |
Price($) | Vol. | No. |
---|---|---|
1.400 | 81465 | 16 |
1.405 | 57921 | 14 |
1.410 | 60389 | 14 |
1.415 | 76869 | 10 |
1.420 | 108148 | 12 |
Last trade - 12.01pm 12/07/2024 (20 minute delay) ? |
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