All tracking ok but i think share price has recently got ahead of itself.
NPAT $23m for half and may just be a little bit more for 2nd half. Say $25m. So $48m for year on mkt cap $827m is a PE of 17.
Rev in 2nd half looks stronger but I note in the outlook they day "The expected revenue growth in FY2019 H2 is not anticipated to result in a proportionate increase inFY2019 H2 earnings as previously advised, given that a significant portion of that revenue will befrom early stage procurement and production".
That's why I conservatively estimate 2nd H NPAT at around $25m
I like the company and its strong order book and will be back in if it goes to lower prices.
Ann: FY2019 H1 Results Announcement, page-2
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Last
$3.09 |
Change
-0.070(2.22%) |
Mkt cap ! $1.072B | |||
| Open | High | Low | Value | Volume |
| $3.15 | $3.16 | $3.04 | $2.694M | 873.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1324 | $3.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.10 | 597 | 1 |
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| Last trade - 16.10pm 21/11/2024 (20 minute delay) ? |
| ASB (ASX) Chart |
