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clock Created with Sketch. 30/05/24
18:36
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Originally posted by werdplaya58:
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Oh right. I don't think that is necessarily priced in. A few facts to consider.13.6% in value in 1H24." China IMF market conditions remain challenging with a double-digit decline in market value still expected in FY24" So the guidance provided was predicated on the assumption of continued challenging market conditions along similar lines. Nonetheless they did increase FY24 revenue guidance slightly from low single digit growth, to low-to-mid single digit. EBITDA to remain similar at around 13-14% of revenue.
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If market pricing was $6 after last report, then with the improved China market and higher revenue, market pricing around $7 makes sense assuming your forecasts eventuate. In order for this stock to break $7 or $7.5, we probably need more good news (i.e Synallit issue to be resolved, better than expected non-China sales or much better future guidance). Obviously market can over/undershoot thr SP in the short term and there is always speculation/manipulation on small cap stocks like this.
