The last boom in the radio section was in 2001 to 2003. Revenue per year for this would be in the region on $45-50M. Previous years were higher due to the SatCom sales (that got sold off in FY13) - SatCom sales boomed from 2004-2006 and then steadily declined to a loss making business.
The hope for large lift in sales lies purely in the Minelab business and does not look encouraging. Minelab sales grew from $50M in 2008 to $100M in 2012 and $150M in 2013. This also ties in with the price of gold moving from $800 in 2008 to $1800/1900 in 2012/13 prior to coming back dowm to 1200 to 1300. Excluding the gold boom and Africa upside, it looks to be a $70M pa business. Margins are also significantly lower now once the high end gold detectors have reduced in sales.
With reduced costs and flat sales, say they made about $7M profit for this half year (translating to about 4 cents EPS), this would look like a stock with a PE of about 8 to 10, dividend yield of about 6% (based on 50% payout ratio) with limited growth prospects.
Two good solid businesses with consistent revenue/earnings - the future for this company seems to probably depend on what management does next - the last two acquisitions have been woeful (Minetec and Daniels) and destroyed shareholder value.
- Forums
- ASX - By Stock
- competition in africa
The last boom in the radio section was in 2001 to 2003. Revenue...
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CDA (ASX) to my watchlist
(20min delay)
|
|||||
Last
$15.68 |
Change
-0.240(1.51%) |
Mkt cap ! $2.846B |
Open | High | Low | Value | Volume |
$16.11 | $16.11 | $15.58 | $5.424M | 344.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5005 | $15.58 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$15.68 | 959 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5005 | 15.580 |
1 | 64 | 15.570 |
1 | 1028 | 15.560 |
1 | 1028 | 15.540 |
3 | 4128 | 15.530 |
Price($) | Vol. | No. |
---|---|---|
15.680 | 959 | 1 |
15.700 | 5043 | 3 |
15.720 | 2080 | 2 |
15.730 | 1442 | 1 |
15.740 | 800 | 1 |
Last trade - 16.10pm 17/10/2024 (20 minute delay) ? |
Featured News
CDA (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non Executive Director
Simon Kidston
Non Executive Director
SPONSORED BY The Market Online