SDI 2.43% $1.06 sdi limited

Ann: June 2015 Trading Update, page-2

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
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CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 785 Posts.
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    Wow, reads as a pretty depressing update.

    However, what the announcement fails to say is:
    - The second half has delivered SDI's highest half of revenue ever ($36.4m)
    - The $0.5m foreign translation loss goes through the P&L - assuming there is no tax impact from this, then underlying NPAT guidance is actually $6.0m to $7.0m
    - SDI fail to mention that NPAT for the previous year was distorted by the low tax charge. Normalised (at a 22.5% rate not the 13.5% effective rate) , this NPAT would have been around $5.7m, not the $6.5m referred to by SDI
    - So, actually, we are looking at a reasonable to large increase in underlying NPAT, as opposed to the downgrade implied by SDI for what-ever reason.
 
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$1.06
Change
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Price($) Vol. No.
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