Headline numbers do not look flash, but there are a few items of details that suggest that the result may not be as bad as first thought:
- 18% increase in operating cash flows, with EBITDA conversion of over 100%.This would have been materially higher if not for the timing of settlement of balance owing from the sub contractor in ECM
- Increase in subscription billing to 61%.
- Satisfactory performance in all business units except for Trapeze - with changes sales models being evaluated
- FY19 outlook likely to deliver significant margin expansion
I think that this may provide an opportunity to buy into a well run business that has shown over time the ability to continue to deliver shareholder value.
Ann: FY2018 Trading Update, page-2
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Last
$17.32 |
Change
0.070(0.41%) |
Mkt cap ! $1.408B | |||
| Open | High | Low | Value | Volume |
| $17.00 | $17.43 | $16.98 | $602.8K | 34.85K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17024 | $17.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.35 | 261 | 2 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| OCL (ASX) Chart |
