I'm a bit more positive and am happy to hold for the following reasons:
(1) These results are at the top end of their April forecast of an NPAT loss of $7m-$10m so that's a positive.
(2) Mining division revenue was a record at $174m (up 26%) with EBITDA at $23.7m (up 26%).
(3) Positive cash flow of $15.9m ($30.6m excluding a once-off contractual dispute with Tenix)
(4) No earnout payments to Titeline.
(5) Order book of $190m-$200m.
(6) Net tangible assets of 54.3c/share.
(7) Changes in workforce allocation (64% mining, 35% construction) compared to FY09 (53% construction, 46% mining)
(8) Net debt reduced from $50.9m to $23.4m
I think it's worth the 41c/share it's currently sitting on.
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Last
$24.06 |
Change
0.085(0.35%) |
Mkt cap ! $45.64B | |||
| Open | High | Low | Value | Volume |
| $24.15 | $24.24 | $23.97 | $23.16M | 962.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 4152 | $24.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $24.06 | 3265 | 18 |
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| Last trade - 14.00pm 14/07/2025 (20 minute delay) ? |
| WDS (ASX) Chart |