Some more back of envelope calcs for allUsing 53/47 split –...

Some more back of envelope calcs for all

Using 53/47 split – revenue for second half might be $276m
Gross margin 1.5% better than H1 (62.4%) is 63.9% => $176m
Assume costs excl GM, based on H1 GM of $194m H1 were $168m
=> NPBT H2 of $8m (I hope other costs are less, maybe less overtime etc but never mind noting AUD is hedged)
Adjustment – interest income should be an extra (say) 0.6m after tax
=> NPAT of $5.6 +0.6 = $6.2m.

So adding that to $18m that would lead to a full year of about $24.2m as a ballpark.
About 12.6 cps.
At PE 10 ($242m) plus $46m cash – $4m div is a MC of $284m/192m shares issued,
=> SP target over next 6 to 12 months might be $1.48.
Just a guesstimate obviously – DYOR