With comments likethis I can see why the directors have been buying thsi unloved company.
Solid FY23 performanceGood start to Q1 with EBITDA1 up +10.8%
Operating in resilient markets and industries with the right strategy and the right people for profitable growth
Specialisation will help us win
Initiatives to grow EBITDA1 % to Sales to 10% in the medium term have delivered early positive improvements and our strategy based on specialisation and service excellence is continuing to be resilient• These buy-side and sell-side initiatives were implemented early in the financial year and started to become evident in the month of September with EBITDA up 26.7% on the pcp. We expect the run-rate from these initiatives to continue to improve over the December quarter.• There was some weakness in the Konnect and Artia New Zealand business due to the recessionary environment in New Zealand and the businesses exposure to residential construction through roofing screws. Konnect is the dominant industrial fasteners business in New Zealand and we expect the business to become even stronger through this period as competitors withdraw from the market. There are already signs of green shoots in the economy driven by all-time record rates of immigration.
DYOR
With comments likethis I can see why the directors have been...
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Last
$1.41 |
Change
0.010(0.71%) |
Mkt cap ! $155.6M | |||
| Open | High | Low | Value | Volume |
| $1.41 | $1.41 | $1.41 | $1.059K | 751 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.43 | 4923 | 1 |
View Market Depth
| Last trade - 15.51pm 07/06/2024 (20 minute delay) ? |
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Last
$1.41 |
Change
0.010 ( 0.36 %) |
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| Open | High | Low | Volume | ||
| $1.41 | $1.41 | $1.41 | 6799 | ||
| Last updated 15.51pm 07/06/2024 ? | |||||
| CYG (ASX) Chart |