* Asset sales and leasebacks proceeding well (quickly)
* FCF high with low capex (From the 2013 AGM Outlook statement; "Capex expected to be less than $8m pa over the next two years + no requirement to acquire a new headset press for the foreseeable future)
* That has in part led to net debt reducing even quicker than forecast
* Now forecasting Net Debt to be between $60m and $65m by June 30 2014. (Revised down from original forecast of $70m to $75m)
* On the downside EBITDA was in line with forecast - unfortunately. Forecast EBITDA $60m to $65m to June 30 2014.
* Net Debt reduction against pcp 39.65%
* EBITDA reduction against pcp 12.90%
* Gearing ratio (Net Debt to EBITDA - pre significant items) reduced to 1.2x from 1.9x
* Forecast gearing ratio by June 30th 2014(Net Debt to EBITDA - pre significant items) 1.0x.
The financial derisking of the business continues at pace and ahead of forecast.
From the Strategic direction comments; "We have substantially reduced the cost base of the business and also considerably reduced financial risk. We are now focused on the third priority, which is to build a more competitive PMP".
They have done and admirable job of reducing the cost base and reducing financial risk. Third priority may be a bigger ask in this segment. Even a flattening in the fall rate of EBITDA would be heartening.
- Forums
- ASX - By Stock
- OVT
- thoughts on the fy14 half year results
thoughts on the fy14 half year results
-
- There are more pages in this discussion • 3 more messages 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 OVT (ASX) to my watchlist
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.090M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $882 | 220.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 3925424 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 6422153 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 3925424 | 0.004 |
18 | 20040116 | 0.003 |
8 | 14430000 | 0.002 |
5 | 19799999 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 6422153 | 10 |
0.006 | 2240000 | 4 |
0.007 | 1850819 | 5 |
0.008 | 1380714 | 3 |
0.009 | 1100000 | 2 |
Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
Featured News
OVT (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online