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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$3.27 |
Change
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Mkt cap ! $1.072B | |||
| Open | High | Low | Value | Volume |
| $3.24 | $3.27 | $3.20 | $563.0K | 173.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 6742 | $3.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.27 | 1927 | 2 |
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