Hi Folks,
Just wondering if anyone has compared the Hartleys Financial Forecast for FY11 with the published half year profit guidance from Focus.
Last Page of Hartleys report with full year FY11 data on the left and focus half year results in brackets and % of "Hartleys" yearly forecast achieved
Revenue 138.3M (half year from focus 48.9M - 35.4%)
EBITDA 46.0M (14.6M - 31.7%)
Pre Tax Profit 33.7M (6.2M - 18.4%)
Now, Focus reports production based on Calendar years. We were near 80,000 in 2010 and 100,000 is forecast in 2011. We should then assume that around 90,000 for FY11 would be expected. Hartleys in fact predict 93,000 (last page of report), so lets run with that as the basis for calcs.
Half Year FY11 Focus has produced 36,339 OZ. That is 39.1% of the total FY11 forecast (93,000 approx). This would mean that at their current rate of 35.4% for revenue, 31.7% for EBITDA and 18.4% Pre Tax Profit, they are behind the 8 ball.
I also realise that head grade, production costs etc... can impact positively (or negatively), the EBITDA and Pre Tax Profit even if the revenue target is not achieved. I also understand that Hartleys did the forecast and not Focus!!!
I wonder if Harleys valuation would have been different had it been published post the half year profit guidance as it now seems that their forecasts are looking a little shaky and tough to achieve.
any comments fellow holders?
- Forums
- ASX - By Stock
- FML
- hartleys versus focus guidance
hartleys versus focus guidance
-
- There are more pages in this discussion • 1 more message 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 FML (ASX) to my watchlist
|
|||||
Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $40.11M |
Open | High | Low | Value | Volume |
14.5¢ | 14.5¢ | 14.0¢ | $16.24K | 115.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 19765 | 14.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 10016 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 19765 | 0.140 |
2 | 54554 | 0.135 |
3 | 27509 | 0.130 |
2 | 37595 | 0.120 |
2 | 18181 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 10016 | 2 |
0.155 | 14055 | 2 |
0.160 | 37300 | 2 |
0.165 | 71956 | 3 |
0.170 | 10000 | 1 |
Last trade - 11.10am 30/08/2024 (20 minute delay) ? |
Featured News
FML (ASX) Chart |
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
SPONSORED BY The Market Online