I have been a long term holder and supporter but becoming bullish on the outlook for this company.
The Enoro acquisition was one of their largest and takes intangibles to over 63% of total assets. If earnings growth forecasts do not materialise there is increased risk of write-downs. When announcing this acquisition, and the SPP @ $3.70, company confirmed EBIT guidance in the range 25%-30%. Disappointingly when FY17 results were announced 6 weeks later, they were weaker than what the market were expecting.
Company hold their AGM 23 November. It will be interesting to hear how well the latest acquisitions are being integrated and how margins are holding up in the face of increased competition. Does anyone have a view on what we may expect?
I have been a long term holder and supporter but becoming...
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Last
$5.50 |
Change
0.050(0.92%) |
Mkt cap ! $881.1M | |||
| Open | High | Low | Value | Volume |
| $5.55 | $5.59 | $5.46 | $1.686M | 305.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4028 | $5.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.53 | 1828 | 1 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| HSN (ASX) Chart |
