Hi all
The last update is very bullish. If you look at last years revenue 37% of the revenue was from trays
37% of $209 or $77.5. Now we know that ANG sold 61 trays over an Oct to June period.
current order book and we are only in Nov is 95 or 53% higher and we have another 7 months to go. With the size and frequency of orders coming through it is very possible the sell 200 trays this year. Thus there is potential for revenue for the trays alone to add another 80-110m to revenue this year. Add to that the fact the biggest part of the business, maintenance and repairs has also picked up considerable and we have two key parts/revenue areas of the business seen very strong growth. if one overlays this increased pick up with activity with a likely improvement in margins , then the next 6-18 months may be very special indeed
Very confident this will rerate to a much higher level over the next few months and the TA and FA also support this view
ANG Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held
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