I believe ASL's result is the best surprise result so far in this reporting season.
It's a pretty illiquid share so its price moves well on good news and last night's result was very good news:
* eps of 6.8c for the half
* cashflow per share double the profit
* working capital debt reduced to zero
* 2c div (75%franked)
* nta of 58c
* profit margin and roe up to around 10%
* about $10m cash
They forecast the next half will be just as good, putting them on a p/e of around 4. Next half they will benefit hugely from a currency hedge set at 56c.
Ausdrill is a successful turnaround business serving a hot sector: gold and base metals. After their near-death experience, management is now frugal and determined to control borrowing and stay within their core area of expertise.
Cheers, Anne
I believe ASL's result is the best surprise result so far in...
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Last
$1.19 |
Change
0.020(1.72%) |
Mkt cap ! $1.111B | |||
| Open | High | Low | Value | Volume |
| $1.17 | $1.20 | $1.15 | $1.941M | 1.644M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 25521 | $1.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.20 | 77143 | 5 |
View Market Depth
| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| PRN (ASX) Chart |